Inside the mind of a top credit executive

Featuring Andrew Dym

Andrew Dym, co-founder of Innovatus Capital Partners, shares insights from his 30-year career creating asset-backed and structured credit products. In this interview, he speaks with Illinois State Board of Investment Chairman Marc Levine about effectively navigating the world of debt and offers historical perspective on how credit markets became what they are today. Filmed April 11, 2018 in New York City.

Published on
30 April, 2018
Topic
Derivatives, Credit Market, Career
Duration
28 minutes
Asset class
Equities
Rating
124

Comments

  • TT

    Trenton T.

    24 5 2018 03:00

    0       1

    So, a guy who helped create the ABS ratings alchemy that almost destroyed our financial system is now taking money from the Illinois State Board of Investment. Does history rhyme? I thought Levine was a proselytizer for passive? Innovatus is trying to make alpha with "me too" PIK/no interest period/warrant/equity kicker loan structures deployed every day in the tech/later stage VC space by Silicon Valley Bank, Summit Partners and many others by "innovating" in the FDA approved drug commercialization space. I wonder how this will end? Please, let's do a Part II in three years' time to publicize the results. Now that would be interesting.

  • yd

    yon d.

    9 5 2018 01:39

    1       0

    Some good take-away information. I think some of the viewers feedback has been too critical and harsh. RealVision does a terrific job in bringing a variety of topics and interview styles. Keep up the great work and as always, thank you RealVision!

  • RI

    R I.

    3 5 2018 12:04

    4       1

    Coverage of fixed income & credit investing should be more prevalent on RV. With that said, I'll take this video as it's better than nothing. Going forward, it would be beneficial to hear more experts speak about nose-to-ground, fundamental & relative value credit analysis as it applies to a trade idea or the debt capital markets in general. This speaker did touch on some of these factors when he was discussing the importance of covenants, security, collateral valuation, etc (albeit, in general terms).

  • F

    Floyd .

    1 5 2018 22:38

    0       1

    this one was a bit boring..little information on the industries that they are financing,current environment and risky ares of market now. Career advice stuff while good was out of place.

  • SF

    Simon F.

    1 5 2018 06:26

    9       3

    Oh dear...why is it when most of us spend our lives trying to avoid being pinned into the corner of some bar by an amiable but dehydratingly dull bore, do we have to have them invited into our homes. The scary part is that the interviewer was loving it! Michael Green gave one of his inimitable masterclasses, when he forensically dissected Marc Levine (23rd March 2018). A process so artful, the patient had no idea what just happened. Marc should have been quietly and politely thanked and said goodbye to.

  • cb

    chris b.

    1 5 2018 03:02

    2       2

    I listen to these two guys and want to take a bath ..are you kidding? this is whats wrong with society ..the Illinois guy like a stuffed shirt beggar for yield with a career as clueless b-crat..and the Pro.. we get returns in the teens with LTV 25% ..and fees if you refi.. if you are impressed with this you are losing your humanity ..protected like debt and getting paid like equity..clearly to people they are more sophisticated then..not impressed

    with out the Bernanke/Yellen save ..these guys are out of business..reminds me of GE credit guys 20 yrs ago ..sorry harsh.. I know

  • ag

    anthony g.

    30 4 2018 20:20

    3       0

    interesting and good - would have been better with more information regarding credit/debt today and where it is headed next ?

  • NO

    Neil O.

    30 4 2018 17:03

    15       4

    A sales pitch. Disappointing.

  • DL

    Dan L.

    30 4 2018 15:13

    1       1

    It's not the will to win that matters-everyone has that. It's the will to prepare to win that matters.
    -Paul "Bear" Bryant

    ROLL TIDE! ALABAMA FOOTBALL!

  • RM

    Richard M.

    30 4 2018 14:56

    3       1

    Very interesting and very educational! Thanks for opening my eyes to other opportunities in the investment space that I don't ordinarily look at.

  • CC

    Christopher C.

    30 4 2018 14:10

    9       0

    This would normally not have been that interesting to me; however, I am in the process of signing long term (5 year) contracts in South America leasing water cleaning equipment that I developed. This opened my mind and gave me quite a bit to think about in regards to how to structure our contracts to make them as palatable as possible, giving us flexibility if in the future if we chose to monetize the forward cash flows on those leases. Thank you Andrew for your time and sharing your insights. And as always... Thank you Real Vision!!