Strategies

Strategies

Flagship Strategy

Antara utilizes a fundamental approach to event-driven opportunities across the capital structure. We seek to deliver equity-like returns with credit-like downside protection through security selection, trade structuring, active trading, and risk management. The firm invests primarily across the following categories of risk, fluidly adjusting asset allocation as the market and opportunity set change:

CATALYST CREDIT

  • Loans or bonds that are the subject of catalysts/events and corporate actions that can increase or diminish value
  • Opportunistic financings with equity upside via warrants

BUSTED CONVERTS

  • Convertible bonds that are trading well below their conversion price where there is a disconnect between credit and equity valuation

DISTRESSED CREDIT

  • Stressed or distressed loans or bonds that may or may not be subject to a restructuring event
  • Liquidations or other legal/regulatory driven outcomes

SPECIAL SITUATION EQUITIES

  • Equities that are the subject of catalysts/events and corporate actions that can increase or diminish value
  • SPACs/PIPEs

ALPHA SHORTS/TAIL RISK

  • Shorting individual corporate issuers through bonds or CDS where material spread widening or default is expected
  • Broader portfolio hedges to mitigate the risk of exogenous shocks to the portfolio

ANTARA SPAC STRATEGIES

Antara seeks to offer investors exposure to the entire lifecycle of SPAC investing. Investments generally range from PIPEs and pre-IPO units to public trading in front-end SPACs and warrant arbitrage strategies. In addition, Antara seeks to also have access to attractive at-risk capital investment opportunities.

Co-investments and Customized Mandates

Antara partners with investors on co-investments as opportunities arise. The Firm also seeks to offer tailored solutions for customized institutional mandates.