Entire Site
Free Trial
Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.
- Create BookmarkCreate Bookmark
- Create Note or TagCreate Note or Tag
- PrintPrint
Preface
Preface
Over 80% of my portfolio is sitting in T-bills. This cannot
continue. I know that the economy is under extreme pressure
and the fundamental backdrop is terrible for almost all asset
valuations, but I cannot justify holding government securities
paying 0% to my investors. They can do that on their own.
I do not need an asset that is perfectly safe, what I am looking
for is something that offers attractive risk-adjusted return
potential. What in your market fits this profile? Leveraged
loans? Triple-A CLO tranches? Anything?
continue. I know that the economy is under extreme pressure
and the fundamental backdrop is terrible for almost all asset
valuations, but I cannot justify holding government securities
paying 0% to my investors. They can do that on their own.
I do not need an asset that is perfectly safe, what I am looking
for is something that offers attractive risk-adjusted return
potential. What in your market fits this profile? Leveraged
loans? Triple-A CLO tranches? Anything?
This book was written during one of the most trying times in the history of the global financial markets. The financial crisis that began in 2007 has prompted unprecedented volatility in asset valuations and has left many economies across the world in recession. Given such an extreme investment environment, market participants may have to employ nontraditional approaches when making investment decisions in order to maintain an appropriate risk-return profile. We believe that the leveraged finance market can be a very important tool in this regard.
