The Credit Edge by Bloomberg Intelligence
Sculptor Sees Opportunity in Busted Capital Structures
Sep 5, 2024
Jimmy Levin, chief investment officer at Sculptor Capital Management, joins Bloomberg contributors James Crombie and Irene Garcia Perez, along with credit analyst Stephane Kovatchev. They discuss striking opportunities in funding companies with unsustainable debt loads, viewing it as the best chance in corporate credit recently. Levin highlights expected growth in asset-based finance and potential double-digit returns. The panel also evaluates the resilience of U.S. consumers and the outlook for debt in cyclical industries amid fluctuating interest rates.
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Quick takeaways
- Sculptor Capital Management sees a promising opportunity in investing in companies burdened with unsustainable debt loads, which could yield significant returns.
- The outlook for asset-based finance is optimistic, with expectations of double-digit returns amid a complex credit market influenced by various economic factors.
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