Ayaltis, a fixed income and credit strategies specialist based in Zurich, formerly called Areca Investment Management, launched the Ayaltis Acantias Offshore fund in March with seed money from family offices. The new fund of funds is designed to capture deep value investment opportunities in the distressed credit space.
The fund is concentrated and will invest with six to eight seasoned distressed credit hedge funds. Contrary to traditional distressed investments, selected funds present a market neutral investment bias to navigate the expected future increase in market volatility as global deleveraging continues.
Distressed credit investing is a cyclical macroeconomic theme that requires