Founded in 2009 by Olga Chernova, Sancus Capital Management LP is an SEC-registered Investment Adviser that focuses on multi-strategy credit management. With offices in New York and Los Angeles, the company primarily invests in liquid credit-based assets in North American and European markets. Sancus employs three core strategies, namely Long/Short, Relative Value, and Capital Structure, combining fundamental, macro, and technical analysis to generate positive returns with low market correlation. Notably, the firm pioneered the Applicable Margin Reset (AMR) mechanism in 2016, which allows individual tranches to be refinanced one at a time, avoiding the need for a full traditional CLO refinancing. This innovation received SEC relief, confirming that it does not constitute an "offer and sale" of new securities.