Wed, Aug 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Radio

Assessing the current condition and outlook for global sovereigns and the corporate credit space
Radio Feature Two: Professor Altman in conversation with Sona Blessing
 
Tuesday, November 16, 2010

radio Edward I. Altman is Director Credit and Debt Markets Research Progam, Max L. Heine Professor of Finance at the New York University, Leonard N. Stern School of Business. In his own words also known as Dr. Gloom, twin to Dr. Doom who is his NYU colleague Dr. Nouriel Roubini.
         Professor Altman is an international expert on corporate bankruptcy, high-yield bonds, distressed debt and credit risk and has co-developed the Z-Metrics credit analysis tool that enables investors and lenders to more accurately estimate company credit ratings and default risk probabilities.

 Download this feature as MP3 (25.18 MB)

 
Listen to the complete feature
Assessing the current condition and outlook for global sovereigns and the corporate credit space

Duration: 11:00 

 

Or listen to selected sub-features
  • Q1 - The sovereign debt crisis, particularly in Europe; the methodology for assessing sovereign risk, the drawbacks of using traditional techniques for assessing sovereign risk, his “new” research on the sovereign area. Despite the austerity measures why he thinks (and based on his analysis), the private sector should be nurtured, subsidised in some way

    Duration: 03:35 


  • Q2 - His views on correlations between debt and equity in the "current cycle" - the fact that they have grown dramatically - an investor dilemma, a conundrum …

    Duration: 01:35 


  • Q3 - I ask, Should we be using the US Treasury as a benchmark for the "risk-free rate? Should we be reassessing the way we define and measure risk?" What is the alternative? … and why Professor Altman still thinks it is a good benchmark.

    Duration: 02:06 


  • Q4 - Thoughts on sovereign debt being used as the risk-free rate by European countries? "Maybe we need to rethink the term risk-free rate because governments now are not risk free."

    Duration: 01:48 


  • Q5 - Outlook on the space, the US corporate bond market and on the US corporate bankruptcy rate …

    Duration: 01:53 



Radio Link
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  2. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  3. Performance - Some hedge fund small-cap energy stocks have been free falling, Dan Loeb's simple strategy destroys the market, Baupost lost 1.4% last quarter as energy bargains proved elusive[more]

    Some hedge fund small-cap energy stocks have been free falling From Marketrealist.com: According to a July 28, 2015, Bloomberg article, there was a 34% fall in small-cap energy stocks over the past three months. These shares are tracked by the Russell 2000 Energy Index. Small-cap energy

  4. Legal - Hedge funds hit Rothstein Kass with $75m malpractice suit, JPMorgan questioned on private bank’s hedge fund disclosures, Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market[more]

    Hedge funds hit Rothstein Kass with $75m malpractice suit From Law360.com: Two investment funds have sued Rothstein Kass & Co. PC for at least $75 million, claiming the New Jersey auditing firm committed accounting malpractice by failing to properly scrutinize overblown valuations of the

  5. Assets - Hedge funds are getting smoked by the commodities slump, Global ETF assets could more than double by 2020[more]

    Hedge funds are getting smoked by the commodities slump From Businessinsider.in: The collapse in commodity prices has burnt another hedge fund. Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50 million,