Penn Capital Research
How can Penn Capital’s Smaller Company potentially work with your small cap equity portfolio?
We recently conducted an analysis of a professional investor’s small cap equity portfolio, structured with equal allocations to a growth manager and a value manager. This approach aims to offer style diversification, along with the expectation that in any given market condition, one manager should outperform the benchmark, offsetting underperformance from the other.
Eric Green, CFA
Penn Capital is a boutique, SEC registered investment management firm that specializes in the leveraged finance market – the credit and equity of non-investment grade companies.
Penn Capital distinctly integrates credit and equity research with a Complete Capital Structure Analysis®. We believe this approach offers an advantage in the identification of mispriced securities, capital structure catalysts and risk mitigation. We offer clients access to investment strategies through public mutual funds and custom managed accounts.
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OUR STORY
Founded in 1987, Penn Capital specializes in the fundamental, bottom-up research of underfollowed, speculative grade companies.
OUR COMMUNITY
OUR STRATEGIES
We pair qualitative research with quantitative risk management to target market inefficiencies with high conviction. We believe our capacity constraint, discipline and specialization allows us to provide clients with durable sources of alpha and downside protection potential.
CREDIT
Penn Capital credit strategies seek durable high income with downside protection. The strategies pair fundamental, bottom-up research with quantitative risk management to actively target relative value, quality and other credit factors with high conviction. The strategies maintain capacity integrity, establishing a liquidity advantage versus larger managers and ETFs. This allows for more effective building of portfolios and selling on our terms.
Penn Capital equity strategies seek to optimize the risk-return potential of small to mid cap stocks. The strategies pair fundamental, bottom-up research with quantitative risk management to actively target equities exhibiting positive capital structure catalysts. Penn Capital’s Complete Capital Structure Analysis® seeks to gain an informational advantage on companies exhibiting inefficient pricing and low research coverage.