“Mason Capital is an absolute return focused event driven firm that combines deep fundamental analysis with a hard catalyst. We seek positive optionality in corporate events from the long and short side. ”
Credit Opportunities
Opportunities to short near-term maturities that will not be met. Opportunities where both credit and owners of credit are distressed, leading to expectations of forced selling.
Special Situations
Spin-offs, recapitalizations, litigation, merger securities, liquidations. Driven by merger arbitrage and distressed securities research.
Distressed Investing
Reorganizations, bankruptcies, distressed debt and post bankrupt equities, balance sheet arbitrage.
Merger Arbitrage
Mergers, tender offers, exchange offers. Corporate change driven by competition and globalization.
23+ years
experience
$1.5B
AUM
17
Employees
Mason's Edge
- Alpha generation
We seek positive optionality in corporate events from both the long and short side, generating returns from events (alpha), not from market moves (beta)
- Uncorrelated
Event driven focus, minimal market risk
- Experience
Navigated two market cycles
- Short alpha
22-year history of genrating alpha shorting credit and equity
- Process
Unique, repeatable skill set
INVESTMENT STRATEGY - EVENT DRIVEN ABSOLUTE RETURN
We are indifferent between being long or short within traditional event driven trades
Equally likely to be short hight yield and distressed as long
Equally likely to reverse risk arbitrage as conventional set-up
NOT a long/short fund: long AND short positions are owned primarily to generate alpha, not as hedges
Currently, we are profiting by being short credit while waiting for distressed debt opportunities
Focus on constructing a balanced portfolio long and short
Seek to utilize low leverage
Primarily liquid tradable instruments
Factor awareness