Astra’s first fund was launched in January 2013 to invest across the asset backed securities universe with focus on synthetic commercial real estate assets. It is a dynamic credit fund capitalising on the market premium for structurally complex assets. The management team seeks to generate positive absolute returns through investments in structured credit assets in the US and Europe.
Astra carries out a rigorous credit analysis not only in structurally complex 1.0 credit issuances (pre-crisis), but also invests in 2.0 credit products (post-crisis) such as collateralised loan obligations (CLO), residential and commercial mortgage-backed securities and corporate loans. Astra currently targets attractive returns through investments in relative value arbitrage opportunities in the US and Europe, with focus on corporate and mortgage-backed credit securities.
Astra maintains a disciplined investment process that combines a deep fundamental credit and structural analysis with quantitative asset pricing and risk modelling. This remains a source of superior fund performance for the past 9 years.