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Credit Cycles

We think nothing describes our strategy better than the credit cycle chart which most, if not all, of our investors have seen at some point during the last 10 years. It is at the heart of our credit investing philosophy. […]

Distressed cycles, energy, economy, and other unknowns

Macroeconomics is an inexact science and credit cycles are never the same. Therefore,  how could one think about the future when the habitual assumption that tomorrow will be much like today seems  (and is) more unreasonable than usual?  This is […]

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