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Real Vision: Finance & Investing

The Insolvency Phase: Why the Market is Mispricing Insolvency Risk( w/ Matt Rowe and Wiethe)

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 25 January 2021

⏱️ 66 minutes

🧾️ Download transcript

Summary

Real Vision Live Replay, Recorded on 24 Sep 2020: Here at Real Vision it’s clear that viewers are keenly focused on Raoul’s unfolding thesis and the potential that the market is teetering between hope and insolvency, but so are many of our contributors. Matt Rowe of Headwaters Volatility Solutions was inspired by Raoul’s recent call for an insolvency phase and in this special edition of Real Vision Live will be putting his corporate credit hat back on to provide a deeper dive into how both credit and equity markets are totally mispricing the insolvency risks looming large post-COVID. Please note that Matt has an extensive background in corporate credit and before founding Headwaters Volatility Solutions was the managing partner of a fund focused on convertible bond and capital structure arbitrage. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Heard about Magpie, the vegan pie truck that needed a bit of help from Go Daddy.

0:03.4

One day the owners are like, this business hasn't reached this potential.

0:07.2

And the other one goes, we need a bigger piece of the pie.

0:09.9

And then it hits her.

0:11.1

We need Go Daddy. Look, we can get a domain name and create an online store

0:14.8

so we can sell to more customers. Now they've gone from serving a couple of pies to

0:19.3

flogging nationwide. And now everyone's like, vegan pies are the new thing around here.

0:25.0

Wait, no meat!

0:27.0

Take the next step on your business journey with Go Daddy. Hello everyone. Welcome to Real Vision Live for Real Vision. I'm

0:33.7

Max Sweetie. I'm

0:43.4

Max Sweetie. I'm joined today by Matt Rao of Headwaters Volatility

0:46.9

solutions, but today we're not exactly talking about that where you're kind of

0:50.1

putting your credit hat back on throwing back to the old days for you.

0:53.7

Yeah I am and I was spurred on by a comment that I read from Rao about defaults

1:02.0

and increase in defaults and it really knocked me out of my chair to you know want to raise my hand and

1:08.5

say I have something to say here because this is where the intersection of volatility, credit and equity come together and it's something I'm passionate about and I might be one of 10 people that really am, but you know that's that's what I'd like to talk about today.

1:21.0

Well, wonderful. Yeah, I always love when this happens because we do have such a mix of an audience here.

1:27.0

Some people are, you know, retail investors, students trying to learn, but we also have people

1:31.7

like yourself, professionals who keep up with our

1:33.7

content and it's always very inspiring when a piece sort of touches a nerve with both groups

1:41.0

of people when the you when the up and coming people, the learners are like,

1:46.3

I'm really learning a lot from this and at the same time you have a professional like yourself

...

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