The Insolvency Phase: Why the Market is Mispricing Insolvency Risk — Live with Matt Rowe

Published on
September 24th, 2020
Duration
64 minutes

COVID-19 and The Acceleration of Secular Deflation


The Insolvency Phase: Why the Market is Mispricing Insolvency Risk — Live with Matt Rowe

Live ·
Featuring Matt Rowe

Published on: September 24th, 2020 • Duration: 64 minutes

Here at Real Vision it’s clear that viewers are keenly focused on Raoul’s unfolding thesis and the potential that the market is teetering between hope and insolvency, but so are many of our contributors. Matt Rowe of Headwaters Volatility Solutions was inspired by Raoul’s recent call for an insolvency phase and in this special edition of Real Vision Live will be putting his corporate credit hat back on to provide a deeper dive into how both credit and equity markets are totally mispricing the insolvency risks looming large post-COVID. Please note that Matt has an extensive background in corporate credit and before founding Headwaters Volatility Solutions was the managing partner of a fund focused on convertible bond and capital structure arbitrage.

Comments

Transcript

  • RY
    Roy Y.
    1 October 2020 @ 16:39
    Great. Thank you Matt -- always enjoy your insightful interviews.
  • DS
    David S.
    1 October 2020 @ 16:26
    Great interview!
  • TM
    Tyler M.
    29 September 2020 @ 22:32
    Matt Rowe is brilliant. Pleasure to listen to.
  • SA
    Said A.
    28 September 2020 @ 22:55
    I had pent up shy questions supressed since 2012, all of em' answered in a single interview lol
  • AA
    Adam A.
    26 September 2020 @ 09:01
    I love the 10 pair of running shoes!
    • CR
      Christopher R.
      28 September 2020 @ 05:54
      Yes will be doing the same! Brilliant idea haha
    • MW
      Max W. | Real Vision
      28 September 2020 @ 15:45
      @Cristopher R. RV doomsday preppers series?
  • FL
    Fabrizio L.
    28 September 2020 @ 08:25
    very good one thanks.
  • VP
    Vincent P.
    27 September 2020 @ 18:32
    Matt Rowe, just awesome. Always on point and well spoken. Thank you!
  • ag
    anthony g.
    27 September 2020 @ 17:43
    Good one. Thanks.
  • GH
    Guy H.
    27 September 2020 @ 15:42
    Another top quality interview - congrats Max and RV. Irrespective of how this solvency cycle plays out, Matt really knows his stuff. Personally I think we will end up in a nasty insolvency environment given the abundance of shocks smashing into economies everywhere from a multitude of angles.
  • JC
    JP C.
    27 September 2020 @ 05:21
    I agree with Matt and Raoul's view re the late stage of the credit cycle and the recent uptick in defaults perhaps signalling the start of a much larger distressed/insolvency period. However, I am yet to see the real "ah-ha interview" , despite having thoroughly enjoyed this as well as previous leading distressed debt and workout professionals interviewed on RV. Could I kindly suggest Dr Ed. Altman at NYU Stern as a possible guest/expert on identifying the necessary conditions for distressed debt cycles.
  • JA
    Jordan A.
    27 September 2020 @ 02:33
    Great conversation. I really enjoy hearing from Matt. He's one of my favorites.
  • AI
    Andras I.
    27 September 2020 @ 00:47
    Great to see Matt's other side! One small thing with regards to the whole week's presentation (not picking on Matt): I would recommend adding a grain of salt to the "everything has changed, brick and mortar retail, airlines and restaurants are dead" narrative. If Mainland China is anything to go by (with its accelerated online shopping culture) most surviving retail/entertainment/F&B spaces are subjectively back to normal or even above normal traffic, domestic flights are happening and even the annoyingly crowding tour groups are back. It really doesn't feel like the world has ended. Other than timeframes being hard to predict, there is more also resilience than one would think.
  • JK
    John K.
    26 September 2020 @ 18:24
    Good job asking about a quaint approach to finding distressed companies. Feel like that’s not done enough