Expertise and experience, transparency and liquidity.
In this episode, we delve into the complex world of public stressed and distressed credit investing. Join Parul Garg for a discussion on investing in stressed and distressed credits in public markets, as held in the Pender Credit Opportunities Fund and in the Pender Corporate Bond Fund. Parul provides a comprehensive look at the strategies and insights in an arena where success requires expertise, a great network, patience and more.
[01:06]
What is the relationship between the two Funds: Pender Credit Opportunities Fund and the Pender Corporate Bond Fund?
[03:20]
What is the difference between stressed and distressed credits?
[05:49]
What is the investing strategy in the Pender Credit Opportunities Fund?
[10:30]
If you had to summarize the key strengths of the portfolio management team, what would they be?
[14:15]
Parul's views on why the current market presents unique opportunities for investing in public stressed and distressed credits.
[16:54]
Cineworld investment, detailing the initial thesis and the restructuring process.
[20:59]
Challenges faced, including the unexpected freefall bankruptcy and creditor-on-creditor violence.
[25:06]
Outcomes and lessons learned from the Cineworld restructuring.
