article thumbnail

Transcript: Rick Rieder

Barry Ritholtz

But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off?

article thumbnail

Transcript: Ted Seides

Barry Ritholtz

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. So you go back a couple of years and you could say, “Well, what return is available buying a treasury?” SEIDES: So it’s Hartford HealthCare.

article thumbnail

Transcript: Armen Panossian

Barry Ritholtz

So, 00:25:13 [Speaker Changed] So let’s talk about that before we get to private credit. First time in decades, treasuries and investment grade corporates, it’s, it’s an attractive yield at five 5.5%. How has that spread changed now that the floor is five, five point half percent for, for fed rates?