Founded by Eric Banks in 2007, Tolis Advisors, LP (“Tolis”) is a Delaware limited partnership. Tolis is a
New York based multi-sector, multi-strategy structured credit asset manager. The firm is managed and
wholly owned by three principals: Eric Banks, Spencer Parker, and Salvatore Puliafico.
Tolis currently provides investment management services to its funds in a master-feeder structure. The
master-feeder structure includes Tolis Investment Strategies Master Fund Ltd (the “Master Fund”) as the
“master fund”, and a domestic “feeder fund” and an offshore “feeder fund” (together with the Master Fund,
the “Funds”). The feeder funds typically place their investable assets in the Master Fund, and investment
activities and investment discretion are generally conducted at the Master Fund level where Tolis acts as
investment manager to the Master Fund.
Tolis also serves as the investment adviser or sub-adviser with discretionary or non-discretionary trading
authority for separately managed accounts and private funds sponsored or managed by unaffiliated managers
and unaffiliated investment professionals (“Separate Accounts”).
Tolis applies a consistent fundamental value-based, multi-strategy, multi-sector approach to structured credit
assets, which generally include residential mortgage-backed securities (“RMBS”), commercial mortgage-
backed securities (“CMBS”), asset-backed securities (“ABS”), and collateralized debt obligations
(“CDOs”)
(together, “Structured Credit Securities”). Tolis also utilizes other strategies that are complementary to its
structured credit strategies. These may include investment in performing and non-performing mortgages,
corporate credit loans and securities, and real estate assets and derivative instruments.
Tolis endeavors to invest in assets exhibiting risk profiles which couple material upside with capital
preservation. The ultimate goal is to deliver attractive risk-adjusted returns.
Separate Accounts are subject to investment objectives, guidelines, restrictions, fee arrangements and other
terms that are individually negotiated. Separate Account relationships generally involve significant account
minimums. Tolis tailors its advisory services to the specific investment objectives and restrictions of each
client. Tolis has entered into and may enter into side agreements with specific investors in the Funds
providing for different fees, redemption rights, capacity rights, access to information about the Funds or
Tolis, or other matters relating to an investment in the Funds.
Tolis is generally granted broad investment authority with respect to the management of the Funds, although
certain restrictions may be imposed with respect to Separate Accounts. Tolis may pursue different
investment strategies for different clients. For more information on Tolis’s investment strategy, please see