Profiting from Mispriced Credit Risk

Published on
January 13th, 2020
61 minutes

Profiting from Mispriced Credit Risk

Real Vision Essential ·
Featuring Daniel Zwirn

Published on: January 13th, 2020 • Duration: 61 minutes

Daniel Zwirn, CEO of Arena Investors, kicks off Debt Week by bringing his unique credit framework to Real Vision. Zwirn argues that a decade of cheap money has worsened credit quality, but that nevertheless there are lucrative fixed-income opportunities on the long- as well as short-side. He warns of the risks he sees in leveraged loans (as well as the CLOs that package them), noting the "asset-liability mismatch" as one of his most severe concerns. Other topics include: regulatory change, interest rate risk, and idiosyncratic plays in energy and real estate. Filmed on January 6, 2020, in New York.