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Strategy Highlights

Multi Strategy Credit Long/Short

At-a-glance

Invests primarily across	Convertible arbitrage (40%–90% of net assets) Long-short credit (0%–40% of net assets) Opportunistic CLO debt and equity (0%–20% of net assets)
Benchmark	70% HFRI Convertible Arbitrage Index and 30% HFRI Fixed Income – Corporate Index

Overview

The Corporate Arbitrage and Relative Value (CARV) strategy seeks to provide investors with attractive risk adjusted returns alongside meaningful downside mitigation. CARV’s three building blocks are managed by Nuveen’s Leveraged Finance specialists, who bring decades of experience in their respective markets and are backed by the firm’s extensive credit expertise and research depth. Historically low correlations among the sleeves allow for rebalancing amid changing market conditions to capture the best opportunities and keep overall volatility low.

Strategy highlights

Convertible arbitrage: The core engine of the strategy, pairing long convertible bond positions with equity shorts and seeking to capture opportunities across credit, equity and volatility.
Long-short credit: A flexible allocation across high yield bonds and senior loans, including distressed situations and tactical hedges, to help generate alpha and manage risk.
Opportunistic CLO debt and equity: A differentiated source of return used when structured credit valuations are compelling.

Built to navigate unpredictable markets — while seeking to turn uncertainty into results.

— Dan Weinberg

OUR EXPERIENCE

Over 25-year history managing long-short hedge funds through multiple economic cycles.
40 + dedicated investment professionals actively supporting CARV strategy with expertise across leveraged finance.