Alma Platinum IV Prudence Asia Credit

Founded in 2008, Prudence is a boutique investment manager based in Hong Kong, with approximately $1 billion in assets under management. It specializes in investments in Asia and Greater China credits. The Alma Platinum IV Prudence Asia Credit fund was successfully launched in August 2023, providing investors access to Prudence’s flagship credit long/short strategy (subject to UCITS limits). The team employs a bottom-up approach focused on mispricing opportunities across Asia, arising from idiosyncratic and catalyst-driven events. The goal is to generate alpha throughout the market cycle using three sub-strategies: Event Driven, Relative Value, and opportunistic Long/Short credit. The Event Driven strategy is the largest (40-50% of risk) and most active sleeve, investing in mispricing and dislocation opportunities triggered by idiosyncratic company events, capital market activities, and other catalysts. The Relative Value sleeve seeks to profit from arbitrage opportunities within similar asset classes and across capital structures. Finally, the Opportunistic Long/Short book focuses on fundamental single-name opportunities. The fund's investable universe includes Asia US Dollar bonds, Asia local currency bonds and Asia convertible bonds.