What's a RocknRolla?
- il y a 5 jours
- 1 min de lecture
Everyone has been playing RocknRolla in Credit.
Except investors.
For years, investors funded the party: loose underwriting, aggressive structures, “extend & pretend”.
Now the cracks are showing.
And something interesting is happening. Credit is becoming one of the richest opportunity sets today.
One company. One equity. Dozens of credit instruments. More dislocations. More opportunities.
Oh and yes, shorting credit today offers a very different game than shorting equities: better asymmetry!
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