High Yield Sales and Trading
Our High Yield effort focuses on small and mid-sized companies that are generally under-covered by the Wall Street Community. These issuers have become more abundant over the past few years, due to substantial increases in the issuance of new debt raised in the high yield arena. This market is heavily research driven and our ability to analyze all aspects of a company’s capital structure, identifying long, short or hedge opportunities with an unbiased opinion, gives us a great deal of credibility with investors. We cover a wide variety of institutional accounts allowing us to execute trades of any magnitude within all parts of the capital structure.
Our focus extends to non-traditional fixed income securities in the municipal and asset-backed markets. Within the municipal category, we have performed extensive analysis and remain actively involved in issues related to airlines, healthcare and assisted living, and the apartment and hotel sectors. Due to the unique financial structures that tend to characterize most municipal issues, each situation requires in-depth valuation analysis and attention to detail. We have developed expertise and a broad range of industry contacts to properly evaluate such projects on a case-by-case basis. We have primarily focused on aircraft-related issues within the asset-backed arena, but maintain involvement in other areas as well.
For more information, please contact Bill Featherston, Managing
Director & Head of High Yield Sales:
203.975.5257 • 
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