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Podcast: FICC Focus
Episode: Credit Crunch: Palmer Squareâs Bloomfield on Traditional, Static CLOs
Description: âSo itâs a tough situation when youâre managing a spread-based portfolio, like a CLO. And obviously we donât have the luxury of tightening the spreads on the liability side,â says Matt Bloomfield, partner at Palmer Square and president of Palmer Square Capital BDC, when discussing the current pace of re-pricings across the leveraged loan market. Bloomfield joins Bloomberg Intelligenceâs Noel Hebert on this episode of the Credit Crunch podcast to talk about traditional and static CLOs, a less-conventional approach to business development companies and Palmerâs roots in opportunistic credit. They also discuss relative value and the current c...