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“The Spigot is Open”
Manage episode 361338765 series 2953531
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Introducing a new six-part series on investing in distressed debt. Parul Garg and Geoff Castle have been investing in this part of credit markets since 2015 and see an opportunity emerging. The cycle created by the transition in monetary policy and the squeeze from higher interest rates now favours stressed and distressed credit investing. In this series, Parul and Geoff will cover the complexity of this investment niche, the risks and rewards, the current opportunity and their history and experience in this area.
In Part One they tackle:
- A road-tested investment strategy spins out from the Pender Corporate Bond Fund.
- How the team looks beyond just the balance sheet to determine true value and calculate the margin of safety.
- The stressed debt cascade and how to separate the signal from the noise.
- A lesser-known secret on timing and investing in credit markets.
75 episodes
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