Samuel Sibony

Samuel Sibony, a Portfolio Manager at Algebris Investments specializing in subordinated debt, joins to discuss the evolving landscape of credit in 2025. They explore the performance of credit relative to sovereign crises, especially in France, and the appeal of AT1s despite market tightness. Sibony highlights selective opportunities in single B and CCC high yield, while cautioning about corporate hybrid valuations and execution risks. The conversation also touches on private vs public credit risks and the implications of market movements on future credit strategies.