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Tune in to the InsuranceAUM.com Podcast, hosted by our Managing Partner, Stewart Foley, CFA. Our podcast features insightful conversations with CIOs, asset managers, and other distinguished professionals in the insurance asset management industry. Each episode delves into the latest trends, challenges, and opportunities, providing listeners with valuable perspectives and practical advice. Don’t miss out on these engaging discussions that are essential for insurance investors and asset managers.
Episodes
Monday Dec 11, 2023
Monday Dec 11, 2023
In this episode of the InsuranceAUM.com podcast, host Stewart Foley is joined by Kevin Farley, Managing Director and Structured Credit Portfolio Manager at Post Advisory Group, to dive deep into the world of collateralized loan obligations (CLOs). Kevin shares his insights on the evolution and scalability of the CLO market, particularly in the primary and secondary markets, highlighting how the landscape has changed post-Great Financial Crisis (GFC). The conversation explores the impact of regulatory changes, such as the rollback of the risk retention requirement under the Dodd-Frank Act, and how these have influenced market dynamics and investor behavior.
Kevin also sheds light on the resilience of CLO structures amidst potential economic stress, discussing the current state of defaults and the market's preparedness for an uptick in 2024. He touches on the growing interest in private credit, the differences between this and broadly syndicated loans, and the factors driving this shift. Wrapping up the discussion, Kevin shares his outlook for 2024 and the key takeaways for insurance investors considering CLOs as a part of their portfolio strategy.