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investors need to remember that speculative-grade companies aren’t immune from going bust, no matter how wide open the debt markets might be.
By Brian ChappattaOctober 21 -
The debut fund chose an unmistakable ticker (AAA) to market the relative safety of the CLO that is often unfairly attributed with the risks of the pre-crisis CDO.
By Brian ChappattaSeptember 10 -
Investors shouldn’t assume anything about the behavior of speculative-grade debt in this environment.
By Brian ChappattaJuly 10 -
Franchise businesses looked like a safe bet for whole-business securitization bonds before the pandemic made gyms, dine-in restaurants and massages a riskier setting.
By Brian ChappattaJune 30 -
There are any number of reasons to fret about America’s recovery from the coronavirus crisis. A repeat financial collapse at the hands of a structured product with a similar sounding acronym isn’t one of them.
By Brian ChappattaJune 16 -
Unlike public equities and even high-yield bonds, funds focused on CLO equity show little evidence of rebounding anytime soon from steep losses in total value.
By Brian ChappattaMay 20 -
No investor wants to touch the riskiest high-yield debt. The bank’s asset manager says it’s cheap enough that there are opportunities.
By Brian ChappattaOctober 22