Given the fast-changing nature of investment markets currently, we thought a brief Q&A on positioning and views might be helpful. We have canvassed views on our different Credit Alternatives strategies to help you make more informed investment decisions. Key points: Emerging Market Credit Alpha Strategy : the strategy is running less directional risk than average and we have a greater focus on relative value. Event Driven Credit Strategy : the opportunity set for the strategy is particularly attractive at the moment where there are observable stresses. Global Securitized Credit Opportunities Strategy : the key for us is to embed an attractive level of carry in the strategy alongside a decent portion in higher-quality bonds. Global Credit Alpha Long Short Strategy : we are positioned with a slightly long bias overall with the bulk of risk in corporate credit. Global Sovereign Opportunities Strategy : markets will continue to create pockets of volatility, creating directional macro trends that may be easier to monetise. Multi-Strategy Credit: in response to heightened volatility, we increased allocations to relative value and high-quality carry strategies, notably investment grade long/short credit and securitized credit, while reducing exposure to directional strategies.