Dan Zwirn, Arena Investors - A Stoic Approach to Investing | #382
The Meb Faber Show - Better Investing
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The Hard Year for Convertible and Credit Arbitrage
Last year was a hard year to navigate. Was it specific to a certain set-ups? What was the experience? Well, it's about offense and defense. You know, on the offensive side, we had a lot of convertible and credit arbitrage that would have worked if not Jerome Powell interfered so much in late part of March 2020. On the defensive side, we certainly have some borrowers or counterparties that had issues. In most of those situations, basically, things turned out okay.
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