CLOs: Understanding COVID-19’s Impact on Credit – Part II

Published on
July 16th, 2020
Duration
48 minutes

CLOs: Understanding COVID-19’s Impact on Credit – Part II

The Big Picture ·
Featuring Chris Whalen and Jason New

Published on: July 16th, 2020 • Duration: 48 minutes

In Part II of this The Big Picture, Chris Whalen, chairman of Whalen Global Advisors, sits down with Jason New, co-CEO and head of opportunistic credit at Onex, explain the difference between the CDOs – that helped fuel the great financial crisis in 2008 – and CLOs today. New also explains how COVID-19 related defaults and bankruptcies might impact the asset class. New and Whalen break down how CLOs work and their impact on the broader credit market. New also provides his perspective on Frank Partnoy’s recent article called “Will the Banks Collapse?” in The Atlantic. Filmed in July 2020.

Comments

Transcript

  • TD
    Tej D.
    24 July 2020 @ 10:32
    Fantastic interview. Thanks for sharing
  • GB
    Gregory B.
    19 July 2020 @ 18:53
    Finally, a knowledgeable credit discussion on CLOs and structured products vs fear mongering. Raul always talks about probabilities and this has been absent in prior discussions.
  • CL
    Cyril L.
    19 July 2020 @ 02:25
    Much more informed than the first part
  • DG
    Daniel G.
    16 July 2020 @ 14:41
    I'm sure there is an pre-interview checklist for both parties, and maybe add to that a suggestion to mute the alerts on your computer and phone. Great content from a very knowledgeable guest, but the flow keeps breaking with email alerts in this one.
    • SH
      Sahil H.
      17 July 2020 @ 11:33
      agreed did not enjoy the email alerts breaking the conversation. Otherwise the conversation was great and very insightful
  • GL
    G L.
    16 July 2020 @ 14:47
    Great interview - thank you Chris and Jason.