Michael Hintze
Showing 1–2 of 2 transcripts.
- Milken Institute55 min
Trends Shaping Global Credit Markets
Tracy Alloway, Sir Michael Hintze, Paul Horvath, Steven Shapiro, David Warren, Michael Hintze
Senior secured floating-rate managers and credit strategists navigated a market characterized by a mid-to-late cycle risk profile and diverging equity-bond valuations by pivoting away from generic high-yield exposure toward distressed special situations and hard assets. Despite warnings that rising rates and thin subordination could stress lower-rated issuers, panelists identified attractive dislocations in emerging markets and complex restructurings while utilizing options to hedge systemic risk cheaply. These strategic shifts reflect a calculated approach to capitalizing on liquidity mismatches and negative convexity in an environment where quantitative tightening is increasing default probabilities.
- Milken Institute1h 1m
Global Capital Markets
Michael Milken, Thomas Finke, Joshua Friedman, Sir Michael Hintze, Steven Tananbaum, Mike Milken, Jim Kim, Michael Hintze
Panelists including Michael Hensley, Josh Friedman, and Steve Tannenbaum analyze how China's Belt and Road Initiative and a surge in private equity ownership are fundamentally reshaping global capital markets and driving wealth concentration. The discussion highlights critical risks such as evaporating fixed-income liquidity from passive investing, alongside specific investment opportunities in distressed assets and emerging credit markets across Asia and Africa. Experts conclude that navigating this unstable environment requires a strategy favoring high-yield idiosyncratic plays while anticipating that future wealth generation will stem from infrastructure development in the Global South.