Saturday, April 20, 2024

GCA sees rising yields and more defaults driving long/short credit

Higher yields and an increase in defaults have significantly boosted the outlook for long/short credit, according to Global Credit Advisors and Brigade Capital Management.

“With higher rates overall it has been [easier] to get yield in a portfolio on the long side from good-quality companies,” said Brian Hessell, co-founder of GCA, a US corporates specialist with $1.1bn under management.

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