Senior Managing Director, Senior Portfolio Manager, and Bank Loan Sector Head
We are going through a demand shock created by global federal governments as they address a historic global public health crisis. The result, aside from the medical risks, is economic fear and panic as a catalyst for global recession. We believe this crisis is transitory and won’t last forever. While there will be winners and losers, the result has been asset valuations not seen since the Great Recession. At these levels long-term, patient investors could be stepping into a very attractive entry point, if history is our guide.