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A long-term approach
to the High Yield
bond market

HYDE Credit is an Investment Firm authorised and regulated by CySEC (License No. 460/25).
We invest our clients’ funds following our in-house proprietary research produced by a group of seasoned investment professionals with a set of specific fundamental analytical skills in High Yield Credit Analysis.

We follow a value oriented, multi-disciplinary research methodology to build portfolios of individual HY securities aimed at maximizing total returns to maturity in a controlled default environment.

”We have to practice defensive investing, since many of the outcomes are likely to go against us. It’s more important to ensure survival under negative outcomes than it is to guarantee maximum returns under favorable ones.

Howard Marksinvestor and writer

1. Independent Investment Firm

2. Focus on Under-Researched Securities

3. Multi Disciplinary Research Approach

4. Long Term Value Creation and Wealth Preservation

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Navigating Market Cycles

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Our Team

Co-Founder, CEO, CIO, Fixed Income

Marco Pavoncelli

Marco is CEO and CIO of HYDE Credit. He has 31 years of experience in the fixed income realm having played senior roles at Goldman Sachs, Merrill Lynch and Credit Suisse in London and Zurich.

Marco is CEO and CIO of HYDE Credit.  He has 31 years of experience in the fixed income realm having played senior roles at Goldman Sachs, Merrill Lynch and Credit Suisse in London and Zurich.

He combines an extensive hands-on experience in the fixed income and credit markets with portfolio management skills acquired over the years working with both institutional and UHNW clients. Marco graduated  with a degree in Economics from Bocconi University.

Co-Founder, Head of Research, Fixed Income

Jacopo Giardini

Jacopo graduated from Bocconi University (Milan) with MsC in International Management, specializing in credit analysis, profiling and forensic analysis for financial fraud detection.

Jacopo graduated from Bocconi University (Milan) with MsC in International Management, specializing in credit analysis, profiling and forensic analysis for financial fraud detection. He joined HYDE Credit in 2018 as credit research analyst.

He is now Head of research on Fixed Income High-Yield portfolios. Jacopo played a key role in the development of a cross-disciplinary qualitative and quantitative research approach, for default risk minimization and fraud risk detection.

CFO and Risk Manager

Francesco Pavoncelli

Francesco received his Masters in Business Economics from Bocconi University and has since spent 25 years Corporate Finance leading roles for various MNCs and Holding Companies in Europe and Middle East.

Francesco received his Masters in Business Economics from Bocconi University and has since spent 25 years Corporate Finance leading roles for various MNCs and Holding Companies in Europe and Middle East.

He brings his expertise in Compliance and Financial Planning to the team, ensuring smooth and sustainable operations.

His in-depth knowledge of international accounting also has a key role in the implementation of HYDE’s financial red flags spotting model.

Our Recent Writings

Markets

High Yield Bond market in Q1 2024

Central Bank talk supported the market with all credit compartments reaching higher prices/lower spreads. However,…
Hyde Credit

HYDE Credit – Alpha Generation

HYDE Credit’s recommended portfolios have historically outperformed the HY Global Index on a rolling 3…

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