In this episode of Extra Credit, Danilo Rippa, Head of Multi-Strategy Credit at Man Group is joined by Kevin Marchetti, co-Head of Direct Lending and Chief Credit Officer, and Zeshan Ashfaque, Senior Credit Officer at Man Varagon. Private credit has grown significantly over the past decade, representing a secular shift in how companies access funding – and h ... Show More
Apr 2024
Extra Credit: Catastrophe Bonds – A Diversifier Like No Other
In this episode of Extra Credit, Andre Rzym and Tarek Abou Zeid discuss the world of catastrophe (cat) bonds. In 2023, insured losses from natural disasters stood at an estimated $3-5 billion, insufficient to worry the cat bond market but big enough to sustain demand for reinsura ... Show More
31m 36s
Jul 2023
Liquidity Matters: Katie Martin, Financial Times
A regional banks crisis. A recession that always seems just around the corner. And inflation figures that refuse to budge. It’s no wonder that many investors and allocators are stepping back from taking major macro positions, keeping their powder dry, or only making highly select ... Show More
29m 37s
Dec 2023
Private Debt ‘Tourists’ May Do Bad Deals; Bank Outlook
New entrants to the rapidly-growing private credit market, scrambling to deploy capital as demand exceeds supply, risk making loans that don’t perform well, according to Alan Schrager, senior partner and portfolio manager at Oak Hill Advisors. “You sort of love private credit tou ... Show More
51m 56s
Oct 2023
Performing Credit Quarterly 3Q2023: Tails, You Lose?
In the latest Performing Credit Quarterly, Oaktree argues that investors analyzing today’s leveraged credit markets should focus less on average risk and more on tail risk, as this segment of the market is currently much more vulnerable than usual. Armen Panossian (Head of Perfor ... Show More
41m 8s
Feb 2022
Vishy Tirupattur: Corporate Credit Faces New Challenges
Like many markets, Corporate Credit has faced a rocky start to 2022. For investors, understanding the difference between default and duration risk will be key to positioning for the rest of the year.
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Welcome to Thoughts on the Market. I am Vishy Tirupattur, G ... Show More
3m 12s
Oct 2023
Mortgage Bonds Blow Up; Banks Feel Regulatory Heat
The $8 trillion mortgage-bond market plunged to levels rarely seen since the global financial crisis as Treasury yields surged. To analyze why and what’s next, we’re joined by Christopher Maloney, mortgage strategist at BOK Financial Capital Markets, and Bloomberg News reporter S ... Show More
37m 45s
Nov 2023
Apollo Says Lean In to Private Debt; Pensions Boost
Private lending is the best opportunity in debt markets today, says Tristram Leach, co-head of European credit at Apollo Global Management. “If I had to pick a single area that I think you’re meant to lean in to — and frankly, where we’re seeing clients lean in to as well — it is ... Show More
29m 56s
Nov 2023
TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu
On today’s episode, Clay is joined by Nelson Chu to do a deep dive on private credit. Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. After witnessing the inefficiencies in the private credit markets, Nelson was ... Show More
52m 15s