@HayekAndKeynes Critical to select the right manager. To ensure they have access to the best pipeline of deals and do a thorough job on the underwriting.
@Zach74181274@LevFinCynic Couple of ways to put on the risk, granted they target broader rating categories than B2.
1. Two managers to consider for mutual funds, Eaton Vance and GSO Blackstone. 2. Loan ETF, the largest being BKLN, which buys the 100 largest loans. 3. There may be a BB CLO ETF.
@rationalwalk Another factor is the other services that deliver significant savings identity protection (25% cheaper), and optical (20% cheaper on high-priced items). I have never used the life insurance or auto program, but I can also see material savings there.
@IlliquidTrader I highly recommend the @Team_neverquit podcast. It is truly amazing and an eye-opener—incredible dedication and perseverance by the hosts and guests.
@ZLCap Investors prefer to go long loans via CLO debt tranches. You get diversification, subordination via the structure, floating rate and acceptable liquidity.
@sidprabhu Not sure if any are public, but restructuring firms like Alix Partners or Alvarez & Marsal could be another way of expressing your views.
@FedProm You can buy open-end and closed-end funds loan funds. Check the @EatonVance managed funds. They are amongst the ones with the best track record.
@FedProm Toyota @Toyota did a fantastic job designing this one all around. Great engine, beautiful exterior, all with excellent quality. I think they will take a lot of market share from Chevy, GMC, and Ford.