Goldman Sachs Insurance Asset Management
The eleventh annual report released by Goldman Sachs Insurance Asset Management incorporates the views of 328 Chief Investment Officers (CIOs) and Chief Financial Officers (CFOs) representing over $13 trillion in global balance sheet assets. which accounts for approximately half of the global insurance industry.
Is the dry spell in European high yield (HY) refinancing activity a harbinger of an increase in credit defaults? We do not think so and have already seen some reopening, but here is what we are watching and how we are positioned.
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