The Essence of Pricing Distressed Credit

David Nazar
Founder & CIO
March 12, 2024
9:00 am

David Nazar explains the principles behind pricing distressed credit and how disciplined, probability-based analysis can uncover value.

In this video, Ironshield Capital Management’s Founder, Managing Partner and CIO, David Nazar discusses the essence of pricing distressed credit. He explains how markets can struggle to value complex or stressed situations, and how a disciplined, probability-based framework can bring structure to uncertainty and reveal mispriced risk.

Working through incomplete and sometimes conflicting information to arrive at a fair valuation is central to his approach. This philosophy underpins the firm’s Distressed and Stressed Credit strategy and broader Credit Opportunities process.

David Nazar, Stressed and Distressed Credit

David Nazar

David Nazar is Founder and Managing Partner, Chief Investment Officer at Ironshield Capital Management, where he leads the firm’s European corporate credit strategies. He oversees investment direction, portfolio construction and risk management across event-driven, stressed and high yield credit mandates. David works closely with the investment team to identify relative value opportunities across complex capital structures, with a disciplined focus on fundamental analysis, downside protection and compounding absolute returns across market cycles.