The Memo by Howard Marks cover image

The Rewind: Ditto

The Memo by Howard Marks

00:00

Investing in the Credit World Is Getting Worse

People are moving further out on the risk curve to pursue returns that meet their needs. The weight of their capital is bringing down prospective returns and making riskier deals doable. Total new issue leveraged finance volume, loans, and high-yield bonds reached a new high of $812 billion in 2012.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app