What to Make of the Credit Cycle. Part 14. Refinitiv Edition.
Long Blackstone. Short Market Timing.
š¶ Sing it with us now: āYield, baby, yield.ā š¼
Letās pretend for a second that youāre a trader āsitting on the deskā of a fund with a high yield mandate. Limited partners have given your Portfolio Manager millions upon millions (if not billions) of dollars to get access to ā and active management of ā high yield debā¦