In times of an economic slowdown where businesses are fighting to stay alive, a distressed debt investor has a potentially fertile hunting ground.
How much of the IG market is likely to be downgraded? Possibly a lot more than anticipated just over a month ago.
For investors, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision-making can provide meaningful insights into how and why a particular manager generates alpha.
Q&A with Loomis Sayles Global Fixed Income Portfolio Managers