Remove Construction Remove Credit Risk Remove Restructuring Remove Securities
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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

So you come outta college, you go to Pricewaterhouse Cooper and then Koch Industries where you’re focusing on convertible securities, merger, arb, and, and special situations. Either you have the asset and the credit risk, I would imagine. This is the product that, that allows them to transfer credit risk.

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Transcript: Armen Panossian

Barry Ritholtz

00:19:38 [Speaker Changed] And one of the areas where the banks were very active with those reserves was buying AA securities and the widest spread AAA securities were CLOs. And it’s a, a reasonable way to do financing depending on what risk level the, the bar the lender wants to assume.

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Transcript: Robert Koenigsberger

Barry Ritholtz

RITHOLTZ: So late ‘80s, early ‘90s, you’re a VP for an advisory firm that leads some sovereign debt restructurings and transactions in both South America and Central America. To lead the bank’s efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. KOENIGSBERGER: Yeah.