This strategy seeks to profit from both increasing and decreasing prices in one or more markets, while attempting to completely avoid some specific form of market risk. 

Corporate Debt Strategy is a value-oriented fixed income strategy that seeks to maximize total return from income and price appreciation by primarily investing across the credit spectrum in the debt securities of corporate issuers.

This strategy attempts to profit from a potential rise in valuation that the special situation presents. There could be a near-term catalyst to quickly gain from the resolution of a special situation, or it could take longer.