ARISTOTLE
CREDIT
PARTNERS
ARISTOTLE CREDIT
Aristotle Credit Partners, LLC is a privately owned, registered investment adviser that specializes in fixed income portfolio management for institutional and individual clients worldwide. We are one of four independent investment teams which collectively operate under a unified platform known as Aristotle. Our mission is to add value with active portfolio management to help our clients reach their long-term financial goals.
INVESTMENT PHILOSOPHY
We believe that synthesizing macroeconomic insights with bottom-up credit research provides a comprehensive view of the potential influences on fixed income security prices and gives us the best opportunity of providing clients with consistent returns, on both an absolute and risk‑adjusted basis
TOP-DOWN AND BOTTOM-UP
PORTFOLIO MANAGEMENT
Macroeconomic environment views have the potential to influence portfolio positioning to take advantage of market anomalies; Well diversified by sector, industry and economic cyclicality
ANALYZE WITH A
GLOBAL PERSPECTIVE
Deepens our knowledge of companies and their global competitors, suppliers and customers
TARGET NON-DISTRESSED
SEGMENTS OF THE CORPORATE
DEBT MARKET
Lower probability of defaults leading to a more advantageous risk/reward trade off
DISCIPLINED PROCESS,
FUNDAMENTAL RESEARCH
Provides the opportunity to achieve attractive risk-adjusted returns in upward markets and mitigate risk in volatile markets
INVESTMENT PROCESS
Macroeconomic Views
- Economic Growth
- Interest Rates
- Inflation
- Market Health
Portfolio Construction
Emphasis on risk-adjusted returns
Portfolios built with long-term view
Fundamental Research
- Industrial and Credit Analysis
- Relative Value
- Security Structure
- Liquidity
INVESTMENT OFFERINGS
HIGH YIELD BOND
- Number of Issuers: 100-150
- Benchmark: Citi BB/B Excluding B/CCC Splits Index
- Minimum Average Quality: B2
- Minimum Security Rating: B/CCC
- Minimum Issue Size: $150 million in original issuance
- Duration: +/-25% of benchmark
- Investment Grade Securities: 25% Maximum
- Maximum Cash: 5%
- Annual Turnover: Typically 15%-30%
SHORT DURATION HIGH YIELD BOND
- Benchmark: ICE BofAML 1-3 Year BB-B U.S. Cash Pay Fixed Maturity High Yield Constrained Index
- Minimum Average Quality: B2
- Minimum Security Rating: B/CCC
- Minimum Issue Size: $150 million in original issuance
- Duration: +/-25% of benchmark
- Investment Grade Securities: 25% Maximum
- Maximum Cash: 5%
- Annual Turnover: Typically 15%-30%
INVESTMENT GRADE CORPORATE BOND
- Number of Issuers: 60-90
- Benchmark: Bloomberg Barclays U.S. Corporate Investment Grade Index
- Minimum Average Quality: Baa2
- Minimum Security Rating: BBB/BB
- Minimum Issue Size: $150 million in original issuance
- Duration: +/-25% of benchmark
- Maximum Cash: 5%
- Annual Turnover: Typically 15%-30%
STRATEGIC CREDIT
- Number of Issuers: 100-150
- Benchmark: Blend of 1/3 Bloomberg Barclays U.S. HY Ba/B 2% Issuer Cap Index, 1/3 Bloomberg Barclays Intermediate Corp Index and 1/3 Credit Suisse Leveraged Loan Index
- Minimum Average Quality: BB
- Minimum Security Rating: B/CCC
- Minimum Issue Size: $150 million in original issuance
- Investment Grade Securities: 25% Maximum
- Maximum Cash: 5%
- Annual Turnover: Typically 15%-30%
HIGH YIELD ESG
- Number of Issuers: 60-90
- Benchmark: ICE BofAML BB-B U.S. Cash Pay High Yield Constrained Index
- Minimum Average Quality: B2
- Minimum Security Rating: B/CCC
- Minimum Industry Allocation: 30%
- Minimum Issue Size: $150 million in original issuance
- Investment Grade Securities: 25% Maximum
- Maximum Cash: 5%
- Emerging Markets: Maximum 25%
ESG
We believe engaging in responsible investment practices will positively impact corporate sustainability while enhancing risk-adjusted performance. Our dual-pronged approach includes both positive and negative screening, incorporating elements of environmental, social and governance (ESG) investing and socially responsible investing (SRI).
Positive Screens
Focus on companies that are industry leaders in ESG disclosure, possess higher ESG scores and show propensity to improve ESG profileNegative Screens
Select credits are eliminated or substituted to enhance the positive impact of the portfolio while maintaining key investment themesIndustry Considerations
Certain industries require special consideration given their size in the market and/or their socioeconomic importanceARISTOTLE CREDIT TEAM
- Investment Team
- Shared Services
Douglas Lopez, CFA
Principal, Portfolio Manager
Aristotle Credit
Terence Reidt, CFA
Principal, Portfolio Manager
Aristotle Credit
Hollis Clifford
Senior Fixed Income Trader
Aristotle Credit
Kurt Klimenko, CFA
Senior Credit Analyst
Aristotle Credit
Partha P. Bose, FRM, CAIA
Credit Analyst
Aristotle Credit
Lauren Caston, PhD, CFA
Quantitative Research Analyst
Aristotle Credit
Brandon K. Lopez, CFA
Client Portfolio Manager
Aristotle Credit
Brent Dellinger, CFA
Credit Research Consultant
Aristotle Credit
Steve Borowski
President
Institutional Services
Richard H. Schweitzer, CFA
Chief Financial Officer
Chief Operating Officer
Finance & Operations
Ranjit S. Sufi
Managing Director
Institutional Services
Patrick M. Schussman, CFA, CIMA, AIF
Managing Director
Advisory Distribution
James C. Reed, CFA
Managing Director
Private Client Group
Donn B. Conner, CFA
Managing Director
Private Client Group
James P. Birdwell, Jr.
Managing Director
Private Client Group
Nancy Scarlett
Chief Risk Officer
Risk Management
Michelle M. Gosom
Chief Compliance Officer
Compliance
Andrea M. Denisevich
Chief Compliance Officer
Compliance
Robert R. Womack, Jr.
Chief Innovation Officer
Shared Services
Andrew M. Shapiro
Director of Trading
Trading
Randy Yi
Director of Trading
Trading
Geneviève Plourde, CFA
Senior Vice President
Marketing Communications
Hazael Meza
Senior Vice President
Business Solutions
Sona Chandwani, CPA
Senior Vice President
Finance
PUBLICATION & NEWS
- COMMENTARY
- HIGH YIELD
- INVESTMENT GRADE CORPORATE
- STRATEGIC CREDIT
- FACT SHEET
- HIGH YIELD
- INSTITUTIONAL
- SMA
- BROAD ESG
- FAITH BASED
- SHORT DURATION HIGH YIELD
- INSTITUTIONAL
- SMA
- INVESTMENT GRADE CORPORATE
- IGC
- Intermediate
- STRATEGIC CREDIT
- HIGH YIELD
- NEWS
- WHITE PAPER
- PRESS RELEASE
- ESG Spotlight
COMMITMENT TO COMMUNITY
At Aristotle, we are committed to active participation in our communities both locally and internationally. We partner with a number of outstanding organizations and nonprofits that advance health, education, the arts and human services not only to support their valuable missions but also to enrich our own lives through teamwork and continuous learning. From walking to support St. Jude to mentoring youth to volunteering in neighborhoods in great economic need, Aristotle strives to make a meaningful difference in our communities.
Each Holiday Season, Aristotle makes a monetary donation on behalf of our clients to a charity determined by our employees. In the past, our contributions have included Disabled American Veterans and the Intrepid Fallen Heroes Fund.
American Red Cross
In 2017, Aristotle contributed to the American Red Cross on behalf of our clients in support of relief efforts following the devastation of Hurricane Harvey. The funds will be distributed to help rescue, shelter, feed and heal the impacted communities in Texas.