Alberto Gallo, CFA’s Post

The recent selloff in credit markets has opened up attractive opportunities. Rapid unwinds hit currency, equity and credit markets trading at hefty multiples and compressed spreads due to crowded carry trades. The losers have not been riskier assets, but "high quality" crowded trades, like investment grade CDS indices as well as short volatility strategies. The winners are strategies who are nimble and can pick up high quality assets quickly, when opportunities arise. For more on our strategy and views at Andromeda Capital Management, as well as our latest investor letters and webcast from earlier this week, please see: https://lnkd.in/gBesRnbU

Karim Chedid

Managing Director @ BlackRock | Investments, DEI

4mo

Very interesting thank you - do I gather you prefer euro credit on less crowdedness ?

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