BlueBay's Farley: 'We're looking at a multi-year high in default rates' episode artwork

EPISODE · Aug 2, 2024 · 13 MIN

BlueBay's Farley: 'We're looking at a multi-year high in default rates'

from The NAVigator

Duncan Farley, Portfolio Manager on the Developed Markets Special Situations team at RBC BlueBay Asset Management — manager of the BlueBay Destra International Event-Driven Credit Fund — says corporations that have been "dining out on cheap finance" now have indigestion because their debt levels, leverage, and costs have gone up, so "the math doesn't work." As a result, he's expecting trouble for corporate paper globally, with a sharp rise in default rates, though he notes that creates opportunities for special situations investors.

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BlueBay's Farley: 'We're looking at a multi-year high in default rates'

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This episode was published on August 2, 2024.

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Duncan Farley, Portfolio Manager on the Developed Markets Special Situations team at RBC BlueBay Asset Management — manager of the BlueBay Destra International Event-Driven Credit Fund — says corporations that have been "dining out on cheap finance"...

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