From SSA to High Yield: Building a Barbell Credit Portfolio in Uncertain Times
In today’s complex macro environment, credit investors are increasingly turning to barbell strategies to strike a balance between stability and upside. With uncertainty around inflation trajectories, central bank paths, and geopolitical risk, portfolios that lean too heavily in one direction—either defensive or aggressive—are being punished. The barbell approach, by contrast, allows managers to pair safety […]
Why Global Credit Markets Are Becoming the New Alpha Frontier
In an increasingly interconnected and fragmented financial landscape, global credit markets are stepping into a new role: the next great hunting ground for alpha. As investors search for differentiated return streams beyond traditional equities and core fixed income, cross-border credit exposure is emerging as both a strategic allocation and a source of tactical edge. In […]
Credit Dislocations and Opportunity: How Active Managers Navigate Stress
Market stress is where active credit managers earn their keep. Dislocations—whether triggered by macro shocks, liquidity crunches, or technical selling—create the kind of pricing anomalies that passive strategies are simply not built to exploit. For active managers, these episodes aren’t just turbulence—they’re moments of opportunity. In 2025, as rates remain elevated, economic uncertainty persists, and […]
The Evolution of Credit Trading: From Voice Desks to Volatility Arbitrage
Credit trading has undergone a dramatic transformation over the past two decades. What was once a relationship-driven, voice-executed marketplace has evolved into a highly sophisticated ecosystem driven by data, speed, and quant models. The old world of brokers shouting down phones has given way to algo-driven execution, real-time analytics, and strategy layers that borrow heavily […]
Hunting for Yield: Where Credit Investors Are Finding Value in 2025
The global search for yield is back—but it’s no longer a passive pursuit. In 2025, credit investors face a radically different environment from the post-2008 era. The days of low rates and central bank backstops are over. Inflation, while easing, remains persistent in certain sectors. Real rates are positive again. And volatility—both macro and micro—isn’t […]
