DK Extra Credit

The environment of higher rates, inflation and deglobalization has resulted in elevated idiosyncratic risk and, in turn, an improved opportunity set for absolute return strategies.

In our white paper, we examine the performance of absolute return strategies across different rate environments. Since 1990, absolute return strategies generated on average 52% higher excess returns above the three-month U.S. Treasury bill during periods ...

In 2023, credit markets appeared to be on the verge of an “old-fashioned” distressed cycle due to higher base rates and elevated leverage. Leveraged loan defaults have risen since then, largely dominated by liability management exercises (LMEs). However, this has been far from uniform. There is significant dispersion in default rates, prices and recoveries across different parts of the corporate credit market.

In our white paper, we...

How do investors find opportunity in complexity?  Join Davidson Kempner’s Head of Research for in-depth analysis of global markets and investment considerations.  In this podcast, we go beyond the headlines and market chatter to share the insights and opportunities that are driving discourse at Davidson Kempner. 

Join us as we break down the numbers, analyze trends, and offer a behind-the-scenes look at how we navigate the complexit...