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Current Trends in the Credit Market & Their Broader Implications

November 17 @ 12:00 - 13:00

Financing conditions have been favorable across all asset classes throughout 2021, with issuance totals remaining solid as well. Investors’ hunt for yield continues to push speculative-grade bond, leveraged loan and collateralized obligation totals to multiyear and, in some cases, record-breaking totals in 2021. Yet, uncertainties remain as cases of the delta variant rise and geopolitical tensions continue to fester. Given these headwinds, what do the credit markets presage for 2022?

Join the New York Alternative Investment Roundtable for a discussion on current trends in the credit market with Denise Crowley, Head of Structured Investments for ZAIS Group, and Michael Haynes, a Portfolio Manager for Beach Point Capital Management.

The call will be facilitated by Robert E. Akeson, Managing Director, Investment Banking at Riverside Management Group

Topics that will be covered include:

  • Will current inflation concerns prove to be transitory?
  • What will economic growth look like?
  • Consumer health and strength, lending demand, changing terms and products
  • Commercial real estate market trends
  • Relative value among asset classes

Panelists:

Denise Crowley is Head of Structured Investments and Head of Business Development and Client Relations at ZAIS. As Head of ZAIS’s Securitized Credit Business, she is responsible for mortgage investments, including Non-Agency RMBS, CMBS, Commercial Real Estate debt and equity, ABS investments and CLO investments across separately managed accounts and co-mingled funds. She is also a member of ZAIS’s Management Advisory Committee. Prior to joining ZAIS, she worked in the high yield trading group at J.P. Morgan, and before that she worked for the Hon. Daniel P. Moynihan as an economic research analyst. She holds a bachelor’s degree from Boston College and an M.B.A. from New York University’s Stern School of Business.

 

Michael Haynes is a Portfolio Manager at Beach Point Capital Management, where he heads up the firm’s New York office and focuses on private debt and special situation investing, as well as sourcing new investment opportunities and performing fundamental research and company analysis. Prior to joining Beach Point he was a Director at Post Advisory Group, and before that was with Babcock & Brown where he was in charge of principal investing and advisory assignments involving debt and equity. Other experience includes Sirius Satellite Radio, where he was the Vice President & Treasurer, and investment banking positions with Merrill Lynch and Oppenheimer. He holds a bachelor’s degree from Tufts University, where he serves on the board of advisors of the Tufts University Athletics Department.

Moderator:

Robert E. Akeson is a Managing Director, Investment Banking at Riverside Management Group (“RMG”), where he focuses on fintech and asset management companies. Previously, he was Chief Operating Officer and Co-Head of Prime Brokerage at Mirae Asset Securities (USA). Robert has extensive experience managing prime brokerage, capital introduction, agency execution and research distribution businesses. He has also served as a member of the G.P. of a hedge fund and had advisory board experience with small money management firms. His background includes leadership positions with Neuberger Berman, Morgan Stanley, Industrial and Commercial Bank of China Financial Services and ADP BISG. He is Chairman of the Business Management Interest Group of the New York Society of Security Analysts, the DTCC Systemic Risk Roundtable and the Economic Club of New York. He has also taught Money, Banking and Financial Markets at Molloy College.

 

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