Andy
@awmark
Rockfordian / dad / was an army guy during OIF & OEF / work in credit now / aTm ain’t never been elite, you guys 📍ORD
Very interesting to see a great articulation of the real systemic risk of private credit (and ratings arbitrage by insurers). State insurance regulators are woefully behind the curve here imo, but they’re so fragmented that it almost doesn’t matter. Not a resilient system imo
First lightning bugs of the season here by the lake. Fresh cut grass. Crisp glass of white burg (not pictured)
Jumbo lump crab cakes, sweet corn red pepper succotash with hollandaise and 9-year old Vouvray from ungrafted (pre-phylloxera) vines. Grab a plate!
Happy Saturday, you guys. Finally made it to the Saturday tasting at my local wine shop after youth sports season and summer vacay
I think there are going to be high net worth private bank platforms in Asia that are going to get black-balled by US asset managers after this redemption cycle passes. The revenue duration from those clients is just not worth the headache
Pretty spicy exchange on the topic of private credit between some board members of LACERS (LA County Employees) and Aksia, one of the plan’s investment consultants
if we’re doing gas station food gems, gotta get some love for Lutz’s BBQ in Jeff City