Real estate and private equity are a better investment than direct lending, according to JPMorgan Asset Management. Those two have repriced on higher rates, while private credit hasn’t, Gabriela Santos, the firm’s chief market strategist for the Americas tells Bloomberg News’ James Crombie and Bloomberg Intelligence senior credit analyst Robert Schiffman, in the latest Credit Edge podcast. “It’s been interesting to see signs that actually commercial real estate seems to be bottoming and turning around,” said Santos. Santos and Schiffman also discuss the likelihood of bond spreads staying tight, CCC bond risk, the market impact of trade wars and the technology sector debt outlook.

Real estate and private equity are a better investment than direct lending, according to JPMorgan Asset Management. Those two have repriced on higher rates, while private credit hasn’t, Gabriela Santos, the firm’s chief market strategist for the Americas tells Bloomberg News’ James Crombie and Bloomberg Intelligence senior credit analyst Robert Schiffman, in the latest Credit Edge podcast. “It’s been interesting to see signs that actually commercial real estate seems to be bottoming and turning around,” said Santos. Santos and Schiffman also discuss the likelihood of bond spreads staying tight, CCC bond risk, the market impact of trade wars and the technology sector debt outlook.

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

The Credit Edge by Bloomberg Intelligence

JPMorgan Likes Real Estate More Than Private Credit

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Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. “We pretty consistently see a 200 basis point differential,” Susan Kasser, the gobal investment management firm’s head of private debt, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s David Havens in this episode of the Credit Edge podcast. “Our annualized loss rates are one basis point,” she adds. They also discuss how artificial intelligence helps to pinpoint investment opportunities and why private markets will probably continue to get bad press.

Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. &ldquo;We pretty consistently see a 200 basis point differential,&rdquo; Susan Kasser, the gobal investment management firm&rsquo;s head of private debt, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s David Havens in this episode of the Credit Edge podcast. &ldquo;Our annualized loss rates are one basis point,&rdquo; she adds. They also discuss how artificial intelligence helps to pinpoint investment opportunities and why private markets will probably continue to get bad press.

Neuberger Sees More Gain Than Pain in Private Debt Market

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ae537922-d52b-4892-9e9e-b3d3014c525c/transcript

Venezuela debt holders will likely have to wait years to get their money back after regime change in the oil-rich nation, according to Bloomberg Intelligence. “The near-term challenges are nothing short of massive,” says Damian Sassower, chief emerging-markets credit strategist, in this special episode of the Credit Edge podcast. “I think the rest of this year is spent trying to figure out how to make Venezuela investable,” said Spencer Cutter, who covers US energy producers for BI. They also discuss opportunities and risks for American and Canadian oil companies, the sale of Citgo Petroleum and the “domino effect” on China.

Venezuela debt holders will likely have to wait years to get their money back after regime change in the oil-rich nation, according to Bloomberg Intelligence. &ldquo;The near-term challenges are nothing short of massive,&rdquo; says Damian Sassower, chief emerging-markets credit strategist, in this special episode of the Credit Edge podcast. &ldquo;I think the rest of this year is spent trying to figure out how to make Venezuela investable,&rdquo; said Spencer Cutter, who covers US energy producers for BI. They also discuss opportunities and risks for American and Canadian oil companies, the sale of Citgo Petroleum and the &ldquo;domino effect&rdquo; on China.

The Long Road to Making Venezuela's Debt and Oil Investable Again

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7bd62c90-f545-4d42-91cc-b3d1010e3690/transcript

Credit is one of many overvalued markets and the technology sector is particularly risky, according to Richard Bernstein Advisors. “We’re kind of in an everything bubble at the moment,” Mike Contopoulos, the firm’s deputy chief investment officer, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Robert Schiffman in the latest Credit Edge podcast. “Tech is going to come back down to earth a little bit this year,” said Contopoulos. RBA, which invests across asset classes via exchange-traded funds, has no exposure to corporate credit. They also discuss value in collateralized loan obligations, mortgage-backed securities and Europe.

Credit is one of many overvalued markets and the technology sector is particularly risky, according to Richard Bernstein Advisors. &ldquo;We&rsquo;re kind of in an everything bubble at the moment,&rdquo; Mike Contopoulos, the firm&rsquo;s deputy chief investment officer, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Robert Schiffman in the latest Credit Edge podcast. &ldquo;Tech is going to come back down to earth a little bit this year,&rdquo; said Contopoulos. RBA, which invests across asset classes via exchange-traded funds, has no exposure to corporate credit. They also discuss value in collateralized loan obligations, mortgage-backed securities and Europe.

Inside ‘the Everything Bubble’ With RBA

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dcbc6352-2be2-4a26-9096-b3cc015948ac/transcript

JPMorgan Likes Real Estate More Than Private Credit

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