With a decade of experience as a multi-strategy credit manager, Sancus has navigated varying market conditions. We utilize a wide array of products, ranging from simple investments like corporate bonds to complex derivatives and structured products. Sancus is deeply experienced in structuring CLO transactions. In total, we have enabled issuance of over $3 billion of CLOs by purchasing control equity. We are heavily involved in portfolio construction, structuring features, and indenture negotiations. We live and breathe maximizing optionality for structured products investors.
As a diversified alternative asset manager, Sancus is at the forefront of new credit products and structures. Sancus made a major contribution to the CLO market with an important innovation: Applicable Margin Reset (“AMR”). In 2015, Sancus sent a no-action letter to SEC detailing the proposed AMR mechanics. The AMR feature uses an online auction mechanism to refinance CLO liabilities via the secondary market, reducing costs, saving time and maximizing market access. Read more about this transformational innovation here
Years of track record
Thought leadership pieces
August 18, 2021
Sancus founder, Olga Chernova, speaks with Hugh Leask of Hedgeweek on the evolution of credit investing at Sancus including the firm's recent debut as a CLO manager.
June 25, 2021
Olga Chernova talks about why now is the time to move into CLO management in a Q&A with Paola Aurisicchio.
June 09, 2021
In the first CLO for Sancus Credit Advisors, all the rated notes can be refinanced via Applicable Margin Reset (AMR) auction. The deal, priced by Jefferies on June 4th, exits its non-call period on July 20, 2022.
June 08, 2021
Trysail, priced at $308M on June 4th, is the inaugural CLO for Sancus. Sancus Credit Advisor’s Trysail 2021-1 has AMR embedded in all its debt tranches, a feature Sancus was involved in pioneering. As reported by Creditflux, Sancus is the first debut US CLO manager this year.
May 20, 2021
Sancus Capital Management is launching a CLO management platform and is set to become the first debut manager of BSL CLOs in 2021, according to Creditflux.
May 19, 2021
Chief Investment Officer of Sancus, Olga Chernova, joined Hugh Minch of Creditflux on The Last Tranche podcast to discuss the future of CLO trading and the electronification of the CLO market. Listen to the episode here.
Winner of Multi Strategy Credit Fund by Alt Credit Fund Intelligence US Awards
Shortlisted Credit Opportunities – Alt Credit Fund Intelligence US Awards
Shortlisted High Yield category by Woman in Asset Management Awards Series
Winner of U.S. Performance Structured credit specialist by Alt Credit Intelligence
Winner of Best Multi-Strategy Credit Long/Short Fund by Hedgeweek U.S.
Highly-Commended Multi-strategy credit fund long term (3 years) — ALT Credit Intelligence US Performance
Winner of 2016 Emerging Credit Fund Award by Investor Choice
Ranked No. 3 out of 191 in Preqin database Credit Strategy year to date
Ranked No. 1 out of 88 funds in BarclayHedge’s Credit Long/Short category year to date
Winner of Excellence in Hedge Fund Award for Women in Finance Award by Markets Choice
Winner of Best Multi-Strategy Credit Fund Manager Award by BarclayHedge.
Highly Commended US Performance Award — Fixed income under $1bn by HFM week
Highly Commended Alt Credit Intelligence US Performance Award — Credit Arbitrage Strategy
Winner of the Hedge Fund Award Best Diversified Credit by Hedge Fund USA
Winner of the Hedge Fund Awards for the best Emerging Global Credit Fund of 2013 by Investor Choice
Winner of the Best Specialist Award by HFM
Ranked No. 1 out of 120 funds in BarclayHedge’s Credit Long/Short category year to date