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We Are Kore Capital

Founded in 2002 by J Gary Kosinski and Jason Regan, Kore Capital (“Kore”) is a multi-strategy credit manager whose investment objective is to maximize absolute return over the long-term while minimizing the risk of capital loss.

          PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS 

                      INVESTMENT IN FUNDS INVOLVES RISK OF FINANCIAL LOSS

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ABOUT

Firm Overview

BACKGROUND

  • Founded in 2002

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  • Senior investment professionals have worked together for over 20 years using the same risk management methods and investment strategy

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  • Senior investment professionals have significant capital invested

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STRATEGY & OBJECTIVES

  • Focus on rates, corporate credit, structured finance, and distressed investments
     

  • Target market inefficiencies and relative value trading opportunities

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  • Have an opportunistic approach to security selection and portfolio construction

INVESTMENT APPROACH

  • Bottom-up fundamental cash flow analysis and security selection
     

  • Top-down macro economic analysis and portfolio construction

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  • Target asymmetric risk/reward profiles as identified by our proprietary database and in-house algorithms

INVESTMENT UNIVERSE

Agency RMBS

• Conventional IOs

• Inverse IOs

• GNMA IOs

• Project Loan IOs

• Specified Pools

• Credit Risk Transfer

RMBS, CMBS & ABS

• Subprime

• Alt-A & POAs

• Re-REMICs

• RPL/NPL

• SFR

• Small Balance

• Student & Auto

• SASB & CRE CLOs

• CMBX & Conduit

U.S. Corp. Credit

• Investment Grade

• High Yield

• CDS

• Convertible Bonds

• Preferred Stock

• Municipals

U.S. Rates

• Treasuries/TIPS

• Agencies

• Swaps

• Swaptions

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U.S. Equities

• Mortgage REITs

• Originators

• Loan Servicers

• Financials

• BDCs

• Energy

          PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS 

                      INVESTMENT IN FUNDS INVOLVES RISK OF FINANCIAL LOSS

About: Firm Overview
How We Invest: The Opportunity
Modern Architecture
HOW WE INVEST

The Opportunity

OUR FOCUS

  • Access to niche opportunities in credit and fixed income

  • Efficient engineering and structuring for better trade execution

  • Proprietary IP built in-house to evaluate every single trade

  • Capital preservation

  • Asymmetric returns

WHAT ARE WE SEEING NOW?

  • Mispriced structured securities

  • Mispriced credit default curves

  • Tight bank lending standards

  • Investors wanting to find higher returning fixed income alternatives

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INVESTMENT PRINCIPLES

Seek: Niche Opportunities

Execution: Efficient Engineering/Structuring

Emphasize: Capital Preservation

Structure: Target Asymmetric Opportunities

          PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS 

                      INVESTMENT IN FUNDS INVOLVES RISK OF FINANCIAL LOSS

HOW WE INVEST

Investment & Risk Process

A DISCIPLINED AND PROCESS DRIVEN APPROACH

INVESTMENT COMMITTEE

Decides:

  • If an investment should be made

  • If a sub-strategy should be pursued

  • Merits of the investment

  • Suitability of the overall strategy

  • Appropriate investment size

RISK COMMITTEE

Conducts analysis to determine:

  • "Adverse Move" / defined risk

  • Performance

  • Position sizing

  • Risk mitigation

  • Ascertaining potential risks which may be introduced to the overall portfolio 

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  • Top Down Approach

  • Focused Investment Themes

  • Identify Dislocations

  • Bottom Up Approach

  • Cash Flow Valuation

  • Structure & Credit Analysis

  • Timing & Execution

  • Portfolio Fit

  • Liquidity & Size

  • Ongoing Evaluation

  • Surveillance & Exposure

  • Risk & Sensitivity Tests

How we invest: Investent & Risk Process
How we invest: Experience
Ocean
HOW WE INVEST

Experience 

Over 30 years of experience

Senior Team has

worked together for

an average of 20 years

Focus on Credit, Rates, Structured Finance, and Distressed investments

Seek capital preservation, appreciation, and income

Partner capital invested alongside Kore clients

Experience through

multiple credit cycles

Our Team

J Gary Kosinski

Co-Founder, Partner, Chief Investment Officer, Chairman of the Risk & Investment Committees

Jason Regan

Co-Founder, Partner & Senior Advisor

David Kessler

Partner, Senior Portfolio Manager, Risk & Investment Committees member

Partner, Senior Portfolio Manager, Risk & Investment Committees member

Julio Maceira

President

Bill Johnson

Our Team
“We believe risk must be analyzed on a loan-by-loan basis. In 2008, we created a database that maps every one of our investments: who the bonds traded to, what the coverage was. Today, Kore has a database with millions of records. By looking at every loan, every payment from every borrower, we can track payment history and delinquency. We take nothing at face value and nothing for granted.”
J Gary Kosinski, Co-Founder, Partner & Chief Investment Officer
Join Kore
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Join Kore Capital

Kore Capital provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, veteran status, other distinguishing characteristics of diversity and inclusion, or any other status protected by the laws or regulations in the locations where we operate.

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Contact Us

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Send us a message

Thank you! We will be in touch shortly.

          PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS 

                      INVESTMENT IN FUNDS INVOLVES RISK OF FINANCIAL LOSS

Contact Us
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