Jonathan Dorfman

Credit derivatives and securitizations offer equity-like returns even in a recession, says Napier Park. Structured credit offers better gains than corporate bonds with reduced risk. Concerns raised about private credit pricing disparities. Real estate companies borrowing from public bond markets due to high rates. Listen for more insights on Apple Podcasts and Spotify.

Jonathan Dorfman, co-founder and CIO of Napier Park Global Capital, shares insights on the impact of Trump-era tariffs on credit markets. He warns that companies in the non-investment grade space face survival risks, leading to increased defaults and higher financing costs. Dorfman highlights the volatility in the market and its psychological toll on consumers and corporate leaders. He contrasts current market resilience with past downturns, emphasizing the need for strategic decision-making amid economic uncertainties.