Guggenheim Partners

Our 2Q 2024 Quarterly Macro Themes updates our economic outlook—improved economic expectations set the stage for more downward surprises—and presents four current topics of focus for our investment team, including the positive environment for active fixed income management. https://gugg.gp/3W14b0L

Guggenheim Investments recently closed a $1.2 billion private credit vehicle, a transaction that reflects client demand for our differentiated private credit platform. https://gugg.gp/4aY61ox

Sporting historically attractive yields and relatively healthy credit fundamentals, high yield bonds offer a compelling entry point. Dan Montegari, Head of Research for our Corporate Credit team, and John Walsh, Head of High Yield Trading, discuss credit spreads, default rates, market technicals, and other factors driving their team’s constructive views on risk and opportunity in leveraged credit. https://gugg.gp/4ep6Ol2

Guggenheim Partners is proud to sponsor the Toigo Foundation’s 35th annual gala, “Defining Moments.” A long-time Toigo partner, we share the organization’s commitment to fostering diversity and inclusion in financial services as we welcome the next generation of business leaders. Over the past 30+ years, Toigo has supported 2,000 alumni in their ascension and retention as minority leaders in finance in companies such as ours. The impact of its ongoing collaboration with the financial services industry continues to inspire us. 

A common theme across our sector team reports this quarter is that while spreads have been grinding tighter, yields remain high and attractive, particularly relative to post-Global Financial Crisis (GFC) norms. Read our 2Q24 #FixedIncome Sector Views for more about where we are identifying investment opportunities. https://gugg.gp/4dXDLF6

It’s been 10 months since the Fed’s last rate hike and Evan Serdensky, Portfolio Manager on our Total Return team, and Matt Bush, our U.S. Economist, join Macro Markets to discuss what’s next for the economy and markets. https://gugg.gp/3KayFHZ Subscribe to Macro Markets wherever you get your podcasts: https://gugg.gp/4a8dTmH

Anne Walsh, Chief Investment Officer of Guggenheim Partners Investment Management, explains in a new commentary why the economic cycle isn’t dead, merely delayed, and why that’s good for #bonds. https://gugg.gp/3yobCXx

Jamie Crapanzano, a member of our insurance portfolio management team, joins our Macro Markets podcast to discuss the distinctive aspects of #fixedincome management for insurance companies and provide an update on bond market relative value. Listen now: https://gugg.gp/4aSwJ2x Subscribe to Macro Markets wherever you get your podcasts: https://gugg.gp/4a8dTmH

#MIGlobal attendees are looking forward to hearing from Steve Brown, our CIO of #FixedIncome for Guggenheim Partners Investment Management, discuss latest developments in credit markets. For a link to his panel, click here. https://lnkd.in/ggZPbku5

Leveraged credit has continued to deliver positive performance, reflecting the improvement in the economic outlook, strength in credit fundamentals, and the benefit of high yields in a more stable rate environment. Despite the improved economic outlook, the persistent level of defaults suggests continued risks, but it hasn’t led to wider risk premiums for other companies. We discuss this paradox and our outlook for default and recovery rates. https://gugg.gp/49GB5s5