Sancus Capital Management LP
Investment ManagementNew York, United States2-10 Employees
Sancus Capital Management LP is a multi-strategy credit manager founded in 2009 by Olga Chernova, based in New York. The firm focuses on liquid credit-based assets in North American and European markets, employing three core strategies—Long/Short, Relative Value, and Capital Structure—to pursue positive returns with low correlation to broader markets. It combines fundamental, macro, and technical analysis to inform investment decisions as an SEC-registered Investment Adviser and MWBE-certified company with offices in New York and Los Angeles. A notable development in its credit market activity is the 2016 introduction of the Applicable Margin Reset mechanism, a refinancing approach that allows individual CLO tranches to be refinanced selectively, supported by SEC no-action relief and independent legal opinion.