May 31, 2024

Navigating Public Stressed and Distressed Credit Investing in Today’s Markets

Featuring: Parul Garg, Rita Silvan

Expertise and experience, transparency and liquidity

In this episode, we delve into the complex world of public stressed and distressed credit investing. Join Parul Garg, hosted by Rita Silvan as they discuss investing in stressed and distressed credits in public markets, as held in the Pender Credit Opportunities Fund and in the Pender Corporate Bond Fund. Parul provides a comprehensive look at the strategies and insights in an arena where success requires expertise, a great network, patience and more.

Key Takeaways

[01:06]	What is the relationship between the two Funds: Pender Credit Opportunities Fund and the Pender Corporate Bond Fund?
[03:20]	What is the difference between stressed and distressed credits?
[05:49]	What is the investing strategy in the Pender Credit Opportunities Fund?
[10:30]	If you had to summarize the key strengths of the portfolio management team, what would they be?
[14:15]	Parul's views on why the current market presents unique opportunities for investing in public stressed and distressed credits.
[16:54]	Cineworld investment, detailing the initial thesis and the restructuring process.
[20:59]	Challenges faced, including the unexpected freefall bankruptcy and creditor-on-creditor violence.
[25:06]	Outcomes and lessons learned from the Cineworld restructuring.