Piton Investment Management Amplifies Yield Enhanced Strategy with Structured Notes
- Piton Investment Management
- Oct 12
- 3 min read
Updated: Oct 22
Press Release
NEW YORK, NY — October 12, 2025 — Piton Investment Management, an institutional fixed income investment management firm, is pleased to announce the widespread availability of its Structured Notes strategies. This latest product addition enhances the firm's Yield Enhanced strategies while further strengthening Piton's comprehensive fixed income platform designed for independent RIAs, institutions, and direct clients (Family Offices, and Ultra-high-net-worth clients).
Expanding the Yield Enhanced Strategy Suite
The structured notes SMA offerings enhance Piton's Yield Enhanced capabilities, bringing additional institutional-quality expertise to the independent advisory space. Led by Kristopher Konrad, whose prior experience includes growing Annaly Capital Management into one of the largest listed mREITs, during his tenure from the late ‘90’s through the Great Financial Crisis. Piton brings extensive expertise and access in fixed income and structured products to the independent advisory space.
"Our structured note strategies build upon our Yield Enhanced product line to provide even more sophisticated fixed income solutions" said Kristopher Konrad, Founding and Managing Partner at Piton Investment Management. "We're bringing the same level of expertise and customization to our clients who may be looking for other non-traditional solutions in high yield.
A Complete Fixed Income Ecosystem
With the addition of structured notes, Piton Investment Management now offers a more comprehensive fixed income platform with four distinct categories:
Cash Management: Tactical strategies for liquidity, capital preservation, and institutional yield
Conservative Total Return: Broad fixed income exposure with institutional quality management
Tax-Exempt: Customized tax-exempt solutions maximizing after-tax returns
Yield Enhanced: Managed yield strategies offering customized exposures to higher yielding market segments, including structured income notes
"The structured notes program further builds out our fixed income ecosystem," noted Konrad. Clients now have access to a broader spectrum of solutions tailored to different risk appetites and market environments, all managed with the same institutional discipline."
Understanding Structured Notes
Piton's structured notes are customized financial products that combine debt instruments with embedded options or derivatives. Unlike traditional fixed income investments backed by government, municipal, or corporate balance sheets, these notes generate cash flows primarily through the sale of options linked to reference securities or indices.
"What makes structured notes particularly attractive in today's market is their ability to offer defined levels of principal protection while potentially delivering enhanced yields in the 8-15% range," explained Konrad.
Customized Solutions with Institutional Discipline
Piton’s new structured notes offering provides clients with:
Bespoke solutions tailored to specific risk profiles and objectives
Institutional-level portfolio construction and risk management
Significantly higher yield than traditional fixed income investments
Defined principal protection barriers for controlled risk exposure
Regular income payments (monthly or quarterly)
Strategic Portfolio Role
At Piton, the structured notes program is specifically designed to enhance overall portfolio yields for clients willing to incorporate these instruments as part of a diversified investment strategy.
"While these products carry different risk profiles than our traditional investment-grade portfolios, they enable our clients to materially increase overall portfolio yield," noted Konrad. "We're primarily focused on structured notes that provide income, as this aligns perfectly with our core business of delivering yield to clients."
The structured notes program, initially launched in March 2025, is now available to all of Piton's existing clients. Piton offers its structured note program through its partnership with Halo Investing, a global leader in wealth technology solutions for protective investments.
About Piton Investment Management
Founded in 2015, Piton Investment Management provides highly customized fixed income portfolio solutions to RIAs, institutions, and direct clients. Piton leverages its extensive market experience and access to create and manage fixed income and structured product portfolios across an array of custodial managers and turnkey asset management programs. Piton's product suite ranges from highly liquid "cash management" portfolios to longer duration strategies as well as highly nuanced structured product portfolios.
Contact Information
Jim Slattery
President, COO, and CFO
Piton Investment Management
401 Franklin Avenue, Suite 202-B
Garden City, NY 11530
Disclaimer
Structured Notes are complex products and are not suitable for all investors. Before making any investment decision, you should carefully consider the investment objectives, risks, charges, and expenses before investing. This and other important information are included in the Structured Notes’ offering documents. The investment strategies discussed are strictly for informational purposes and should not be construed as a recommendation to buy or sell. For further information regarding Piton Investment Management, LP, please see our Form ADV at https://adviserinfo.sec.gov/firm/summary/282517.