Leveraged Loans

Aegon AM has managed leveraged loans since the late 1990s, taking advantage of market inefficiencies as we focus on bottom-up security selection and actively adjust allocations around market inflection points. Our experience ranges from managing leveraged loan portfolios to collateralized loan obligations (CLOs).

We use a credit-intensive process with a relative value-oriented and opportunistic total return management style. Utilizing a disciplined process, we focus on assessing downside risk and capturing upside potential. Overall, the teams aim to mitigate risk and uncover opportunities as they navigate market inefficiencies and pursue consistent excess returns.

 

 

Distinguishing characteristics

Our specialized expertise, well-established investment process, and risk-focused process help differentiate our leveraged loan strategies:

Global, differentiated research capabilities

Fundamental research is the foundation of our process. Our multi-pronged global research includes dedicated credit, loan and special situations and distressed credit research teams. The credit research team includes industry experts that specialize by investment grade and high yield. Dedicated leveraged loan research expands the coverage to loan-only issuers. Our special situations and distressed research team possesses a thorough understanding of corporate restructurings and highly complex bankruptcies.

Disciplined investment process

Our seasoned and cohesive leveraged loans portfolio management team is experienced in navigating business and credit cycles with an acute focus on risk management. Adhering to a disciplined and repeatable process, the team uses its experience to navigate market dislocations in pursuit of a competitive risk-adjusted return.

Risk-focused mindset, risk-adjusted results

We focus on assessing downside risk, identifying potential causes and implications, then factoring this information into our investment decision-making process. The goal is to manage downside volatility while participating in the upside.