Mr Market Miscalculates

Mr Market Miscalculates

Company Analyses

Blackstone Loan Financing Limited

Attractive yield, but discount is illusory

Mr Market Miscalculates's avatar
Mr Market Miscalculates
May 15, 2023
∙ Paid

A short diversion to focus on one of the sectors that I’ve been looking into recently, listed credit funds (i.e. not the traditional investment grade or high yield ETFs): since the beginning of 2022, euro-denominated IG corporates (-14%) have indeed been hit harder than European equities (around -3%). Credit & distressed hedge funds also had a bad year.

…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Mr Market Miscalculates · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture