1) there are a ton of companies willing to borrow wide of where they could issue in the public IG markets; or 2) there is a ton of capital willing to get put to work in illiquid credit with no spread premium. I’m guessing we’re gonna see the latter if Rowan et al are right. Caveat emptor!
Since the media laps up this drivel uncritically, I’ll just add that you need to believe one of two things for this to be true:
congrats to everybody at HPS after the 3-year earn out, you win at life
*BLACKROCK AMONG SUITORS SAID TO EXPLORE BUYING CREDIT FIRM HPS www.bloomberg.com/news/article...
BlackRock Inc. is among firms exploring a purchase of HPS Investment Partners, according to people with knowledge of the matter, in a deal that would push the world’s biggest asset manager into the to...
Okay who wants to talk WA primaries? Washington held congressional primaries 8/6 and vote counts are slow but we have ~full results for more than 10 of the red rural counties. The top 2 model for their primaries means most cycles are "live" in ways other state primaries aren't. 1/
Swear to god if you put Best Ranger on ESPN2 some weekend after the Masters but before the Derby, you’d solve a decent chunk of the Army’s crootin’ problems
Everybody talking about Harbaugh going to the league after the title game but I’m pretty sure Ryan Day is the one who needs to take some phone calls www.on3.com/college/ohio...
