ZAIS Group, LLC
ZAIS Group, LLC ("ZAIS Group"), based in Red Bank, New Jersey, provides investment advisory and asset management services focusing on specialized credit strategies. ZAIS Group has approximately $3.949 billion(1) of assets under management across both corporate credit and mortgage-related structured credit strategies. We employ professionals across investment management, client relations, information technology, analytics, finance, law, compliance, risk management and operations.
The investment team at ZAIS Group is led by Christian Zugel (Chief Investment Officer), who founded ZAIS Group in 1997. ZAIS Group offers investors investment opportunities in commingled funds as well as customized managed accounts for larger institutional investors, which are tailored to each client's investment parameters and risk preferences.
ZAIS Group's approach to disciplined opportunistic credit investing focuses on investing in cash flowing assets and structures that offer liquidity-complexity premiums. ZAIS Group defines the liquidity-complexity premium of a particular instrument as the increased loss-adjusted yield or return relative to a more liquid, less complex instrument of similar credit risk. ZAIS Group is an active investor across a broad range of product sectors, including securitized credit and related investments. ZAIS Group’s investments have traditionally included, CLO, Non-Agency RMBS, CMBS and other credit opportunities throughout North America and Europe.
(1) The total AUM for ZAIS Group, LLC as of June 30, 2016, is approximately $3.949 billion. ZAIS Group’s AUM is primarily comprised of (i) total assets for mark-to-market funds and separately managed accounts; (ii) uncalled capital commitments, if any, for funds that are not in liquidation; and (iii) for issued structured vehicles, all assets being managed calculated per the management fee basis methodology defined in the respective vehicles’ indenture, although in certain circumstances some or all of the referenced management fees may be waived. AUM also includes assets in the warehouse phase for new structured credit vehicles and is based on actual assets managed without reductions for leverage and most other liabilities and includes all assets regardless of whether management fees are being earned.