Beach Point's Bowron, Apollo's Grewal on Distressed Investing

The video discusses investment strategies, focusing on a mix of high-yield and distressed opportunities. It highlights the performance of floating rate credit over fixed income and anticipates continued market dispersion in 2025. The focus is on top-of-the-capital-structure investments and asset-backed opportunities, particularly those with high-quality backing.

What factors should investors consider when deciding between chasing yield and investing in distressed opportunities?

How did the performance of floating rate credit compare to fixed income in 2024?

What expectations does the speaker have for the credit markets in 2025?

What is the significance of the capital structure in the speaker's investment strategy?

What types of asset-backed opportunities is the speaker focusing on?