Securitization During Insecure Times

Published on
September 15th, 2020
Duration
54 minutes

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12

Securitization During Insecure Times

The Interview ·
Featuring Tom Rutledge

Published on: September 15th, 2020 • Duration: 54 minutes

Are bonds still effective portfolio diversifiers? What can the history of asset-backed securities tell us about their future? These are questions that Tom Rutledge, fixed income strategist at Magnetar Capital, explores alongside Real Vision managing editor, Ed Harrison. Rutledge outlines the myriad array of problems facing fixed-income investors -- from liquidity constraints to finding yield pick-ups as yields continue to decline. He then describes specific opportunities he sees in industries ranging from hospitality to tech. Filmed on September 3, 2020. Click here for Rutledge’s report, “Specialty Finance: An Investor’s History”: https://rvtv.io/2Rt9jtE

Comments

Transcript

  • KD
    Kelley D.
    16 September 2020 @ 12:19
    0 0
    nice interview...makes me realize how many really wired people there are in the different sub sections of finance..
  • BK
    Brian K.
    16 September 2020 @ 01:16
    0 0
    Early Vegas Line - Greer 17 to 1 favorite over Portnoy
  • DS
    David S.
    15 September 2020 @ 18:27
    5 1
    Solid interview about what an asset is and what assets a company may not want to manage but farm out. One side comment by Mr. Rutledge I found interesting and possibly foundational in today’s US financial thinking is: “It is hard to see the Fed allowing a collapse in the market in the near term.” I agree that the Fed is hyping the stock market, but is it generally felt that they can always save the stock market regardless of the underlying economy? The market will always go up because the Fed will always provide enough liquidity to drive the market higher – inflating stock prices? Or is this like “house prices can never go down across the country.” This is not a criticism of Mr. Rutledge’s presentation, but a comment on how pervasive this axiom may be in the financial market today. DLS

Chapters

  1. 00:01:12
    Are Bonds Still Effective Portfolio Diversifiers?
  2. 00:06:10
    Asset-Backed Securities (ABS)
  3. 00:11:40
    Liquidity Constraints and Yield Pick-Up
  4. 00:18:43
    Sector-Specific Opportunities
  5. 00:22:11
    Tech-Enabled Businesses and Alt Credit
  6. 00:29:26
    Distressed Opportunities in Hospitality
  7. 00:33:53
    COVID-19 As An Accelerant of Secular Changes
  8. 00:43:26
    Thoughts on Inflation and Other Macro Issues