Top managers decidedly bullish on debt at the Milken Institute Global Conference.
Michael Milken hosts a panel on credit investing
LOS ANGELES -- Top credit hedge fund managers featured prominently at the Milken Institute Global Conference in Los Angeles this year, presenting a rosy assessment of the investment environment for debt. After all, event namesake Michael Milken was known as the "junk bond king" while running Drexel Burnham Lambert—before being banned from the securities industry for life and reinventing himself as a public intellectual and philanthropist.
David Warren, chief investment officer for the $2.1 billion Brevan Howard Credit Catalysts fund, said there's now "an extraordinary sweet spot"