Strategy Conference Call

Masters of Credit

| January 20, 2023

This document is intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to debt research reports prepared for retail investors.

Wednesday, January 18, 3:00 pm EDT

With special guest Joe Rotondo
Senior Portfolio Manager, Credit Investment Team, MidOcean Partners

Good managers of leveraged loans will need to find those that will bend under the pressure of higher rates and slower growth but not break this year, at least according to special guest Joe Rotondo. Join Joe and Steve Abrahams, head of investment strategy at APS, for a 30-minute discussion about these and other topics in leveraged loans and CLOs. They’ll discuss the need for some managers to get loan portfolios out of warehouse and into the CLO market. And the bullishness of other managers planning to grow their business this year.

SPEAKERS

  • Steven Abrahams, Head of Investment Strategy, Amherst Pierpont Securities
  • Joe Rotondo, Senior Portfolio Manager, Credit Investment Team, MidOcean Partners

Wednesday, November 16, 3:00 pm EDT

Rising rates and wider spreads have already pushed up interest expense on a new institutional leveraged loans by 93% through September, squeezing balance sheets across the loan market. And growth looks like it’s slowing. Meanwhile, some of the biggest CLO buyers of loans are sidelined in warehouses with portfolios trading below purchase price. Join Steven Abrahams, head of investment strategy at APS, and Lauren Basmadjian, of Carlyle Investment Management, for a 30-minute discussion of how to play offense and defense in these markets.

SPEAKERS

  • Steven Abrahams, Head of Investment Strategy, Amherst Pierpont Securities
  • Lauren Basmadjian, Head of Loans and Structured Credit, Carlyle Investment Management

Wednesday, October 12, 3:00 pm EDT

Rising rates and slowing growth pose big challenges for leveraged lending and CLOs, and those markets may be among the first where Fed policy hits corporate balance sheets. Some leveraged borrowers will win, others will lose. Which borrowers will it be? How will CLO managers trade the market? Will new CLOs be able to fund themselves efficiently enough to capture market opportunities?

Join Steven Abrahams, head of investment strategy at APS, for a 30-minute discussion of the leveraged loan and CLO markets with special guest Joe Moroney, a partner and co-head of global corporate credit at Apollo Global Management. Joe has managed CLOs for more than 28 years and oversees Redding Ridge, Apollo’s platform for managing $19.5 billion in CLOs.

SPEAKERS

  • Steven Abrahams, Head of Investment Strategy, Amherst Pierpont Securities
  • Joe Moroney, Co-Head of Global Corporate Credit, Apollo Global Management

SCIB US Strategy Team
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