When businesses need to raise funds, they can issue debt through credit markets, where that debt can be traded by investors. HOOPP invests in corporate credit (both private and public markets), asset-backed structured credit, collateralized loan obligations, credit risk transfer securities, and other structured macro credit indices.
At HOOPP, credit investments are a key part of our return-seeking portfolio. We employ a relative-value approach to investing in this asset class, which compares the value of assets across all investable credit assets. As our outlook changes, we can increase or decrease our capital allocation to credit investments depending on our expectations for risk-adjusted returns and relative value.
We have two specialized teams that focus on distinct aspects of credit markets: