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Podcast: FICC Focus
Episode: ICG’s Saitowitz on Landscape, Outlook for CLOs: Credit Crunch
Description: “From the beginning of 2024 till now, literally every six months you could set your alarm to it... the reprices were occurring,” says David Saitowitz, head of US Liquid Credit for ICG. Saitowitz joined Bloomberg Intelligence’s Noel Hebert on this episode of the Credit Crunch podcast to review the current landscape for CLOs, including the steady wave of repricings and refinancings, the quick recovery from April volatility and why he’s cautious about the intermediate-term outlook. The two discuss growing the US liquid-credit business, staying disciplined amid market swings, control economics for the CLO equity tranche and much more.