We operate a single, focused strategy designed to deliver consistent returns in excess of cash rates – without reliance on market direction.
The Adira strategy invests across the performing credit spectrum in developed markets – from investment grade to high yield and non-rated issuers – using an unconstrained, long/short, absolute return approach. Our strategy is rooted in research, responsive to the cycle, and structured to generate persistent alpha and positive carry.
Adira was founded by three partners with decades of experience across global credit markets. We are privately owned, with no external shareholders, and fully aligned with our investors’ long-term objectives.
We don’t market complexity. We manage risk with precision. We don’t chase markets. We position intelligently within them.
Partner,
Chief Executive Officer
Founding Partner,
Chief Investment Officer
Partner,
Chief Distribution Officer
Credit markets are subject to behavioural and structural inefficiencies that lead to periodic over/under shooting of risk premium in credit markets and corporate bond issuers through the cycle.
We believe that a counter-cyclical approach to top-down and bottom-up investing, anchored in rigorous fundamental analysis, can exploit market mispricing and capture outsized alpha opportunities.
This framework – proven out by more than two decades of experience in credit investing – allows us to remain flexible, market-aware, and focused on consistent return delivery.
ContactHigh-conviction long and short positions built through fundamental research of corporate bond issuers and capital structures.
Market exposure calibrated to the credit cycle, flexing between market neutral and long-biased, using proprietary tools and risk signals.
A bias toward positive carry, exaggerated in favourable cycle phases.
Credit, done well, is quiet work. But it speaks volumes over time.
We listen before we act.
We seek clarity over complexity.
We believe attention to detail matters more than attention.