Alternative credit exploded in the low interest-rate world following the 2008 financial crisis. More than a decade later, bonds and bank accounts have failed to generate yield, so income investors have turned to riskier and exotic investments.
Rates are trending up, and so is the interest in private credit specialists.
Boston-based HighVista Strategies, founded in 2004, has grown to $5 billion in assets and specializes in opportunistic alternative credit. The firm relies on its market experience as the best navigation tool in today’s unsettled markets.
Raphael Schorr, deputy CIO at . . .