The rise of AI has sown doubt within public equity markets about the software industry’s long-term viability. What might that mean for software equity investors and credit investors and lenders?
(20:53) Credit spreads may look calm on the surface, but underneath, dispersion is rising fast. In this episode, we break down the growing pressure on BDCs and private credit, how AI disruption is forcing a repricing of software company capital structures, and what the Middle East military conflict means for oil, inflation, and the Fed. We also explore where selective opportunities are emerging — and the crisis that shaped our Fixed Income CIO's approach to risk more than any other.
Global bond markets are starting to diverge again. As correlations break down and policy and fiscal paths split across regions, investors face tight spreads but also new chances to add income, diversification, and flexibility. In this episode, we explore how a global approach can help investors stay nimble and find relative value across countries, curves, and credit.