As of last year, 97% of Cheyne's SIV debt portfolio was rated AA or higher.

FORBES

To gain that fuller understanding, the adviser and investor must consider more than the typical metrics, such as portfolio diversification or levels of debt.

FORBES: Your Personal Balance Sheet: A Risk Management Tool

Portfolio manager Thomas Soviero looks for companies that issue lower-quality debt or those with leveraged balance sheets.

FORBES: Magazine Article