Maria Boyazny
Showing 1–2 of 2 transcripts.
- Milken Institute1h 0m
The Road Less Traveled: Investing in Special Situations
Julian Salisbury, Maria Boyazny, Justin Chang, Jeff Robinson, David Leonhardt Jr.
Major credit and real estate managers including Bain Capital Credit, Colony Northstar, and MB Global are pivoting from shrinking US liquid markets toward illiquid assets in Southern Europe and the Asia-Pacific region to exploit a turning credit cycle and lower institutional competition. While European opportunities offer massive non-performing loan volumes, investors demand deep discounts to offset judicial delays and political uncertainty, whereas Asian markets present structural immaturity despite significant regulatory barriers to capital repatriation. To navigate these complexities, firms are shifting capital from traditional secondary trading to direct lending, digital infrastructure, and niche distressed strategies that provide downside protection amid rising macroeconomic instability and protectionist trends.
- Milken Institute1h 3m
Credit Markets: What's Next?
Maria Boyazny, Richard Cantor, Joshua Friedman, Tony Ressler, Steven Tananbaum, David Warren, Michael Milken, Steve Tannenbaum, Maria Boiasni, Mike Milken
Six prominent credit executives from firms like Ares, GoldenTree, and Moody's convened to analyze the current credit market cycle, balancing optimistic views on RMBS and European bank debt against warnings of rising leverage and potential defaults. The panelists identified specific undervalued opportunities in structured products and illiquid assets while debating the structural risks posed by re-leveraging and the Federal Reserve's balance sheet expansion. Ultimately, the discussion emphasized a shift toward dynamic tactical asset allocation to navigate an environment where investors face a trade-off between immediate compensation and anticipated market corrections.