Morgan Capital Advisors is an active participant in secondary trading, making markets in:
Structured Derivative Products
Bonds with contingent coupons or redemptions which are backed by a number of cross asset class derivative contracts. In addition to outright trading MCA has completed buy-back programs for a number of supra-national entities. Liquidity is increased by access to asset swap and re-pack buyers.
Distressed Bonds and Loans
The Firm has a broad range of "real money" buyers built over thirteen years of activity in this space. Combining this network, as well as research backing our own position taking funds, means that MCA is well positioned to provide liquidity in this opaque area.
With access to large specialist buyers MCA is active in securities whose issuers have entered into the bankruptcy process. Liquidity can be provided from smaller positions to block trades.
MCA maintains markets across an increasing number of emerging markets ranging from Latin America, Africa, Asia, Middle East and Eastern Europe.
Credit Special Situations
Using the full range of tools MCA is able to execute on complex credit positions. Access to special purpose vehicles and off-balance sheet hedging means solutions are broader than individual security trading.