Fulcra Asset Management, Inc.

Overview

Fulcra Asset Management, Inc. is a Canadian investment management firm specializing in alternative investment solutions, including private equity and credit strategies. The firm focuses on providing unique and mispriced securities across various corporate credit markets, aiming to build investment portfolios that meet the risk and return requirements of its clients. Fulcra invests across multiple capital structures with a primary focus on North American companies. The firm's flagship fund, the Fulcra Credit Opportunities Fund, has been operational since 2009, generating consistent risk-adjusted returns for clients. This fund invests in idiosyncratic credit opportunities categorized into core credit, event-driven, and stressed/distressed segments. To mitigate macro risks, the fund maintains a low portfolio duration, hedges foreign currency exposure, and avoids the use of leverage. Additionally, Fulcra offers Separately Managed Accounts (SMAs) tailored to the specific needs of institutional, family office, and ultra-high-net-worth investors. Fulcra's investment philosophy emphasizes risk control, fundamental value investing, and diligent research. The firm employs a fundamental value investing approach to identify under-priced corporate securities, preferring debt and senior securities due to their priority claims and attractive valuation multiples. Fulcra's research process is agnostic to credit ratings, focusing instead on creating incremental knowledge advantages to drive long-term superior performance. The firm devotes much of its thinking to misunderstood investment situations, aiming to find under-appreciated and high-yielding securities. Founded in 2009 by Matt Shandro, Fulcra Asset Management is headquartered in Vancouver, British Columbia. The firm is dedicated to preserving capital and generating consistent absolute returns for its clients, with a primary focus on capital preservation. Fulcra's team comprises professionals with extensive experience in the financial industry, including roles in equity analysis, credit investing, and asset management with large Canadian investment firms. The firm's commitment to patience, diligence, and integrity underpins its approach to investment management.