Investment Philosophy
Camden’s primary focus is to provide consistent excess returns relative to a fixed income, equity or cash benchmark or to provide consistent absolute returns when leverage is applied. This is primarily achieved by managing a diversified portfolio of hedged arbitrage investments using securities such as convertible bonds and preferred stock, warrants and options in combination with the respective underlying common stocks and straight bonds.
Primary investment goals are to preserve capital and to produce consistent excess or absolute returns without speculating on sectors, interest rates, equity or currency markets. Camden uses a bottoms-up approach to security selection and an aggressive approach to risk control. Both fundamental and quantitative research is used in screening securities. Position limits based on credit quality are applied in constructing portfolios. In addition, interest rate and credit hedges are utilized.