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Special Situations Credit

  • AUM $498 million*
    *Committed Capital in excess of $400 million
    (30 September 2019)
  • Inception Date 2012 (Dedicated Funds) Investing Since 1999
  • Vehicles Available
    • Commingled Fund
    • Separate Account
 

Investment Philosophy

We believe attractive, long-term, risk-adjusted returns can best be achieved through a combination of:

  • Strong fundamental credit underwriting, with the primary focus on principal preservation
  • Active portfolio management to capture the best relative value and identify opportunities for capital appreciation

Our Value Add

  • One of the industry’s largest global high yield teams with 69 dedicated investment professionals, including a team dedicated to the special situations strategy
  • Our Special Situations platform is designed to be flexible whilst benefitting from the full scale and breadth of Barings' high yield credit platform. 
  • Smaller funds broaden the investment universe, promote efficient capital deployment and enable efficient use of the secondary markets when buying and exiting investments 
  • In-depth, bottom up credit analysis provides unparalleled coverage up and down the capital structure and across industries
  • On-the-ground resources provide local access and insight into the markets where we invest
  • Extensive experience in investing and managing Special Situations credit assets since 1999
  • Deep experience of managing assets over multiple credit cycles and leading restructuring transactions across a broad range of jurisdictions 

 

Portfolio Managers

Stuart Mathieson

Stuart Mathieson

Bryan High

Bryan High

RelatedViewpoints

  • Distressed Debt: Seeking Opportunity in Choppy Waters

    Stuart Mathieson, Head of Barings’ Global Special Situations group, and Bryan High, Co-Portfolio Manager of the strategy, discuss how the macro environment is impacting their outlook, and where they're seeing distressed debt opportunities today.

    View

  • Distressed Debt: How This Cycle May Be Different

    Barings’ Stuart Mathieson and Bryan High discuss the outlook and competitive landscape for distressed debt and consider the implications of the significant growth in private credit and European high yield since the last cycle.

    View

  • Where the Dry Powder Goes Next

    Stuart Mathieson and Bryan High, portfolio managers for the Global Special Situations strategy, discuss the outlook for distressed debt investing—and explain how they’re finding opportunities throughout the cycle.

    View

  • High Yield Bonds & Loans: Where to Next?

    High yield markets roared back in the first quarter. Can market fundamentals and technicals support continued strength? And how should investors factor in risks ranging from possible recession, to ratings downgrades, to liquidity concerns? Barings’ David Mihalick weighs in.

    View

  • High Yield: A Swift Rebound

    High yield bonds and loans posted a strong Q1 following the technically induced Q4 sell-off. With defaults still near historical lows, current spreads provide attractive risk-adjusted return potential.

    View
See all viewpoints

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The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. 

Copyright © 2019 Barings. The BARINGS name and logo design are trademarks of Barings and are registered in U.S. Patent and Trademark Office and in other countries around the world. All rights are reserved.

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