Liquidity-driven dislocations and central bank distortions: Opportunities in European credit markets

[vc_empty_space]Allocators are wrestling to understand how they should respond to an investment landscape reshaped by a global pandemic strangling economic activity and unleashing powerful public policy responses. By sharing our insights, this paper is designed to help investors navigate the current dislocated credit markets as they look to determine which strategies are the most appropriate for their particular circumstances. This paper will examine the merits of investing in investment grade corporate credit via credit default swaps, of investing in dislocated European real estate-backed bonds, leveraged loans and senior secured corporate bonds and in capturing the rapidly evolving opportunity to provide rescue liquidity in both the corporate and real estate markets.

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Why private credit pain will bring long-term gain

Over the past decade, private credit has become an important component of many asset owner portfolios, but a perception of the asset class as risky – or, in some isolated cases, fraudulent – means it is still treated with suspicion by some commentators and investors. A “little bit of a shakeout” might help.

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