Sphera Bond is a Long/Short Hedge Fund with the primary goal of consistently outperforming relevant Israeli bond indexes. With a focused strategy centered on fundamental analysis, our objective is to strategically identify and capitalize on market inefficiencies, providing investors with superior risk-adjusted returns. The fund specializes in investing in bonds of publicly traded companies, with an emphasis on repayment ability, credit quality, and capital structure. Investments are based on in-depth analysis, including continuous evaluation of cash flows, balance sheet strength, and duration versus risk. The fund also utilizes flexible tools such as short positions and may include selective equity holdings of up to 20% of the portfolio to take advantage of pricing inefficiencies and enhance return potential.