Equity markets continue to price optimism. Credit markets are telling a different story.
Join Justin Jacobsen, Portfolio Manager, in conversation with Ben Myers, for a discussion on what today's credit markets may be signalling and how the strategy is positioned as markets evolve.
Recent months have seen a growing divergence between equity and fixed income markets, particularly around the AI investment cycle. Historically, when these markets disagree, credit has often proven to be the more reliable leading indicator.
The enormous capital required to fund data centres and hyperscale infrastructure is placing increasing demands on credit markets, while broader credit spreads remain near cyclical lows and offer limited compensation for risk. At the same time, periods of low volatility and heavy issuance have often created the conditions for future market dislocations.
Justin will discuss where risks are building, where opportunities may be emerging and how the Pender Alternative Absolute Return Fund's flexible long/short credit approach is positioned to navigate a potentially changing market environment.
In this webinar, we will explore:
- Why the divergence between equity and credit markets deserves attention.
- How the AI infrastructure buildout is reshaping credit markets.
- Areas where the team sees risks and opportunities emerging.
- What history can tell us about prolonged periods of low volatility.
- How the Pender Alternative Absolute Return Fund is positioned today.
