Credit Crunch: Beach Point’s Hunsaker on Structured Landscape

“We’ll risk-manage the portfolios such that, when beta is an uncompelling opportunity set, we have more risk-management overlays in place. And luckily, where we are today with the short rebate...

By Mariam Traore · Bloomberg

“We’ll risk-manage the portfolios such that, when beta is an uncompelling opportunity set, we have more risk-management overlays in place. And luckily, where we are today with the short rebate that you get paid to borrow and short bonds, it’s not that much of an opportunity cost,” says Beach Point Capital Portfolio Manager and Head of Structured Credit Benjamin Hunsaker, discussing limited excess-return prospects in the context of long-short strategies. Hunsaker joins Bloomberg Intelligence’s No