Covalent Partners LLC

Covalent Partners LLC

Covalent Partners LLC

Overview
Date Founded

2005

Headquarters

Reservoir Woods,930 Winter Street,Suite 2800,Waltham, MA 02451-1513

Type of Company

Private

Employees (Worldwide)

11

Industries

Hedge Funds
Investment Services & Portfolio Management

Company Description

Covalent Partners offers advice on investments, both long and short, in a wide range of domestic and international securities and financial instruments, including common stocks, preferred stocks, corporate bonds (investment grade and non-investment grade), bank debt (assignments and participations) and other loan obligations, mezzanine financings, convertible securities and other equity-linked instruments, US government securities, debt/equity indices and index futures/options, ETFs, closed-end funds and other commingled investment vehicles, credit and fixed income derivatives, equity and equity-linked derivatives and futures, currencies and currency forwards, swaps and contracts for differences, mortgage-backed and other collateralized obligations, asset-backed instruments and other structured notes, municipal bonds, and other public and private instruments, including Rule 144A securities, private equity and limited partner interests. Covalent's investment approach focuses on analyzing fundamental factors. When making investment decisions, the firm typically considers industry- and company-specific cyclical factors and technical factors, such as the availability and recent trading price and volume characteristics of an instrument targeted for purchase or sale. They also analyze other other factors such as the relative rights and potential standing of various instruments in the event of issuer financial distress (including in the event of a possible bankruptcy). Covalent's investment strategies include: long-term purchases (securities held at least one year); short-term purchases (securities sold within a year); trading (securities sold within 30 days); short sales; margin transactions; option writing, including covered options, uncovered options or spreading strategies; exchange-traded and OTC derivatives, including interest rate, currency and equity swaps; interest rate caps, collars and floors; equity and currency options; futures and options on futures; forward foreign currency exchange contracts; capped, inverse, dual index and range floaters; and structured notes; and others. In addition, the firm may engage in hedging transactions for some of their funds. Hedging transactions are structured with the goal of taking advantage of arbitrage opportunities either within a company’s capital structure or across a particular industry.

Executives & Employees

Co-Founder & Managing Partner

Chief Financial Officer, Chief Compliance Officer

Managing Director

Senior Analyst

Professional

Client Services Representative

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Covalent Partners LLC
Advisors & Consultants
Custodian

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Management, Investment Services, and Other. The Investment Management segment provides services on mutual funds and seed capital activities. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Other segment consists of leasing portfolio, corporate treasury, derivatives, and insurance services. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Custodian

Founded in 1969, Morgan Stanley & Co. LLC is an SEC-registered broker/dealer headquartered in New York City. The firm is the primary broker subsidiary of Morgan Stanley (NYSE: MS). They are a member of FINRA. Morgan Stanley & Co. provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.The firm's Sales & Trading division offers cash and electronic trading platforms where Morgan Stanley acts as principal (including as a market maker) and agent in executing transactions globally in equity and equity-related products. These products include equity swaps, options, warrants and futures overlying individual securities, indices and baskets of securities and other equity-related products. Morgan Stanley's Institutional Equity division is a global leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. Their Fixed Income team deals in a diverse range of products including interest rate and currency products, credit products, derivatives and commodities.

Auditor

Ernst & Young LLP engages in the provision of assurance, tax, transactions, and advisory services. It offers audit, business risk, technology, security risk, and human capital services. The company was founded by Arthur Young and Alwin C. Ernst in 1989 and is headquartered in New York, NY.

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