Animal Spirits Podcast cover image

Animal Spirits Podcast

Talk Your Book: Public and Private Market Credit Opportunities

Jul 9, 2024
Ben Santonelli, from Polen Capital, discusses interval funds, managing interest rates in bond allocation, valuing businesses, and risks in high yield bonds. They explore strategies for navigating the low yield environment, the impact of interest rate moves, and the importance of sector specialization in credit opportunities.
28:58

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Public credit is more attractive with rising rates due to compressed spreads.
  • Credit opportunities fund provides retail investors access to high yields and diversified portfolio.

Deep dives

The Flexibility in Credit Strategy

The discussed strategy involves a flexible approach that can invest in both private and public credit. With the compression of spreads in private credit, public credit appears more attractive as rates rise. The capacity to toggle between asset classes and identify the best relative value in the market is seen as a key advantage, leading to attractive opportunities.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode