Thank you for attending! Please find the slides from the seminar here.
The Credit Market: Analysis, Dynamics, and Outlook
Abstract
U.S credit is a vast and diverse market comprising investment grade corporates, high yield bonds, and leveraged loans. These instruments’ behavior is driven by interest rates, the business cycle, idiosyncratic changes in default risk, and variations in market liquidity. The talk will address analysis of these factors and how they shape current market levels and prospects.
Bio
Martin Fridson is “perhaps the most well-known figure in the high yield world,” according to Investment Dealers’ Digest. At brokerage firms including Salomon Brothers, Morgan Stanley, and Merrill Lynch, he became known for his innovative work in credit analysis and investment strategy. For nine consecutive years he was ranked number one in high yield strategy in the Institutional Investor All America Research Survey.
Fridson received his B.A. cum laude in history from Harvard College and his M.B.A. from Harvard Business School. He has served as president of the Fixed Income Analysts Society, governor of the CFA Institute, director of the New York Society of Security Analysts, and consultant to the Federal Reserve Board of Governors.
The Financial Management Association International named Fridson the Financial Executive of the Year in 2002. In 2000, he became the youngest person inducted up to that time in the Fixed Income Analysts Society Hall of Fame. The CFA Society New York bestowed its Ben Graham Award on Fridson in 2017. A study based on 16 core journals ranked Fridson among the ten most widely published authors in finance in the period 1990-2001. In 2013 Fridson served as Special Assistant to the Director for Deferred Compensation, Office of Management and the Budget, The City of New York.
In 2000, The Green Magazine called Fridson’s Financial Statement Analysis “one of the most useful investment books ever.” The Boston Globe said his 2006 book, Unwarranted Intrusions: The Case Against Government Intervention in the Marketplace, should be short-listed for best business book of the decade.
Fridson’s commentary on economics and financial markets can be found forbes.com
