Video: Teiki Benveniste shares his latest Expert Insights with Livewire.
The following was produced and published by Livewire on 26 September 2023.
Where to hunt for the best credit opportunities
Teiki Benveniste from Ares shares where he is finding opportunities in global credit markets.
Things have changed dramatically in markets over the past 12 months and there is a very specific place to hunt for credit assets right now, according to Teiki Benveniste from Ares.
In his eyes, the macro conditions dictate that low-duration, fixed rate assets that are heavily discounted are the sweet spot.
So high-yield bonds, single-B, trading at 90 cents on the dollar. It’s a pretty attractive proposition, if you do your credit work, and you can see that it’s a corporate or a bond that should not default.
In this Expert Insights, Benveniste explains how we got here, why he is hunting where he is, and his outlook for credit markets moving forward.
Note: This interview was filmed on 9 August, 2023