24 December 2013 by HCM
That is the closest Grapple to a Christmas tree we could get! It shows that 2013 was very supportive for credit, especially if you had carry to the reduction in risk premia across the board. A few bright red spots also show that when you invest in credit you have to be very selective, as some names have defaulted and others have widened viciously. Generally speaking, Santa will be knocking on most credit investors’ door! The teams of Hellebore Capital Management and Cleared Derivatives Solutions both wish you all a very merry Christmas!