82 episodes

From high yield and private credit, to real estate and emerging markets, Streaming Income takes you beyond the headlines—providing insight into less efficient markets through conversations with the experts investing in them every day.

Streaming Income - A Podcast from Barings Barings

    • Business
    • 4.8 • 40 Ratings

From high yield and private credit, to real estate and emerging markets, Streaming Income takes you beyond the headlines—providing insight into less efficient markets through conversations with the experts investing in them every day.

    2023 Public & Private Credit Market Outlook

    2023 Public & Private Credit Market Outlook

    Barings experts across public and private credit markets consider the risk/return dynamics shaping the opportunity set in global high yield, private credit, emerging markets and distressed debt. 

    Episode Segments:

    (06:40) - The biggest surprises in credit markets in 2022
    (13:16) - The three risk premiums comprising credit market returns
    (14:26) - High yield outlook, the default picture, and US vs. Europe
    (22:04) - EM corporate debt risk/return analysis and the role of China
    (29:45) - Sizing up the illiquidity premium in private credit
    (39:00) - Distressed debt outlook and the complexity premium
    (46:40) - Views on the most attractive places to deploy fresh capital

    • 58 min
    From Distressed Debt to Capital Solutions: An Evolving Landscape

    From Distressed Debt to Capital Solutions: An Evolving Landscape

    As the global economy has slowed, investor interest in distressed debt strategies has risen. But the distressed market isn't what it used to be. Bryan High discusses how structural changes in that space and others have led to an entirely new landscape for opportunistic capital.

    Episode Segments:

    (02:43) – The traditional distressed debt opportunity and how it’s changed
    (05:26) – The factors driving structural change in a competitive environment
    (07:44) – Where defaults may go from here
    (10:15) – The opportunities emerging for opportunistic capital
    (13:06) – From direct lending, to pharma royalties, to Charleston marinas
    (20:34) – Originating bespoke transactions, a multi-channel approach
    (23:17) – The skillset needed for deploying opportunistic capital
    (26:49) – Defining and understanding the complexity premium
    (29:03) – How investors are bucketing capital solutions strategies
    (32:17) – How the market opportunity may continue to evolve

    IMPORTANT INFORMATION

    Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

    Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).

    NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.

    Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information

    Any service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.

    Copyright in this podcast is owned by Barings. Inf

    • 35 min
    Private Credit Investor Panel: Live from Barings 360

    Private Credit Investor Panel: Live from Barings 360

    Jon Bock, CEO of Barings BDC, moderates a wide-ranging discussion with leading private credit investors at the recent Barings 360 conference.

    Panelists:
    Geoffrey Berg - Chief Investment Officer, Retirement System Investment Commission of the State of South Carolina
    Fran Beyers - Head of Capital Markets, Cliffwater
    Ian Fowler - Co-Head of Global Private Finance, Barings
    David Mihalick - Head of Private Assets, Barings

    Episode Segments:
    (01:27) - Intros and today's private credit market as a Halloween candy
    (05:59) - Is today uncharted territory for private credit?
    (11:58) - What's most attractive: large, medium or small transactions?
    (21:21) - Do covenants matter?
    (25:42) - How private credit teams and platforms can thrive through uncertainty
    (33:50) - Where are private credit allocations heading over the next five years?
    (41:15) - The continued proliferation of private credit in the wealth channel
    (43:52) - The current leverage dynamics in private credit
    (50:00) - Will illiquid markets outperform liquid markets in the years ahead?

    IMPORTANT INFORMATION

    Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

    Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).

    NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.

    Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information

    Any service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available

    • 53 min
    U.S. Commercial Real Estate: A Time for Fear or Greed?

    U.S. Commercial Real Estate: A Time for Fear or Greed?

    As negative headlines come fast and furious, commercial real estate investors are faced with a question: Is now a time to get defensive, be opportunistic, or prepare for the worst? Learn why Co-Head of U.S. Real Estate, John Ockerbloom says the answer is 'yes' - all of the above.

    Episode Segments:
    (02:33) - Do market conditions on the ground match the negative headlines?
    (05:07) - A market still in price discovery mode
    (08:19) - The inherent defensiveness of real estate debt
    (12:11) - Where opportunities are today in residential real estate
    (18:33) - Riding the wave of revitalization in Savannah, Georgia
    (23:09) - Life science and the changing definition of "high quality" office space
    (27:26) - Leading the life science renaissance in Downtown San Diego
    (29:39) - The cycle agnostic opportunity in self-storage
    (33:18) - The distressed asset landscape today
    (37:20) - Fear, greed and patience through the cycle

    IMPORTANT INFORMATION

    Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

    Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).

    NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.

    Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information

    Any service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.

    Copyright in this podcast is owned by Barings. Information in this podcast may be used for your own perso

    • 40 min
    The I's of the Storm: Interest Rates, Inflation & the IMF

    The I's of the Storm: Interest Rates, Inflation & the IMF

    Could the market be wrong on inflation? Is China more of a drag on the global economy than commonly perceived? And how can investors navigate this extremely difficult macro backdrop? Ricardo Adrogue answers these questions and more in the latest episode of Streaming Income.

    Episode Segments:

    (01:45) - The three major headwinds facing emerging markets
    (04:09) - How the market could be wrong on inflation
    (11:02) - Managing portfolios through macro uncertainty
    (14:16) - The strong USD, and currencies as alpha providers
    (21:12) - Countries and currencies that look more (and less) resilient today
    (24:50) - Are China's changing priorities a drag on global growth?
    (30:33) - Asset allocation strategies for a difficult macro backdrop

    Read Ricardo's recent article on why the market may be wrong on inflation: Click Here

    IMPORTANT INFORMATION

    Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

    Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).

    NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.

    Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information

    Any service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.

    Copyright in this podcast is owned by Barings. Information in this podcast may be used for your own personal use, but may not be altered, reproduced or distributed without Barings’ consent.

    22-24319

    • 35 min
    High Yield: When Volatility Creates Opportunity

    High Yield: When Volatility Creates Opportunity

    Investors are back at their desks and volatility has returned with them. How can they navigate an environment characterized by rising rates and decades-high inflation? Scott Roth and Adrienne Butler answer this question and more in the latest episode of Streaming Income.

    Episode Segments:

    (01:10) - What's been surprising about the recent bout of volatility
    (03:32) - What the biggest challenge in managing HY portfolios has been this year
    (06:10) - How inflation in impacting high yield issuers
    (08:10) - How rising rates are changing the CLO and loan landscape
    (13:36) - The dynamics shaping today's high yield bond market
    (17:09) - How the higher quality of today's HY market factors in
    (19:30) - Finding opportunities in less obvious places
    (27:49) - The biggest risks on the horizon
    (32:03) - What to consider when managing a long-term high yield allocation

    IMPORTANT INFORMATION

    Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses.

    Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).

    NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.

    Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information

    Any service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.

    Copyright in this podcast is owned by Barings. Information in this podcast may be used for your own personal use, but may not be altered, reproduced or distribu

    • 37 min

Customer Reviews

4.8 out of 5
40 Ratings

40 Ratings

kamarkian ,

Insightful

Great job! Keep it up!

Ken Burns 53 ,

The Professor

The insights here are phenomenal! Well thought out approach around the explanation of the landscape that exists and how to navigate it. Hope to see more of the same in future.

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