Concise Capital Management
Concise Capital Management is a registered investment adviser that specializes in short-duration, under-followed, high yield bonds. The firm follows a disciplined portfolio construction process based upon fundamentals, concentration, liquidity, and price. It seeks value in underfollowed, tradeable high yield issues that turn into cash within three years. Interest income produces most of the portfolio return with no leverage.
- Concise Capital manages assets for international and U.S.-based institutions, family offices, and high net worth individuals in pooled funds and separate accounts.
- It is focused on finding value in an inefficient part of the high yield bond market.
- It builds a portfolio that generates high current income while minimizing credit risk, lowering volatility, and adding diversification.
- The short duration lowers the interest rate and default risk while maximizing return, making the strategy more defensive and less volatile than the overall high yield market.
- To further reduce volatility, the firm employs a hedging strategy using a liquid ETF, which tracks the Russell 2000.