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What to Make of the Credit Cycle. Part 14. Refinitiv Edition.
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What to Make of the Credit Cycle. Part 14. Refinitiv Edition.

Sep 24, 2018
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PETITION
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What to Make of the Credit Cycle. Part 14. Refinitiv Edition.
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Notes
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Long Blackstone. Short Market Timing.

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🎶 Sing it with us now: “Yield, baby, yield.” 🎼

Let’s pretend for a second that you’re a trader “sitting on the desk” of a fund with a high yield mandate. Limited partners have given your Portfolio Manager millions upon millions (if not billions) of dollars to get access to — and active management of — high yield deb…

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