Podcast appearances and mentions of Brian Carney

S our E, yO. patreon.com/loljkpodcast

The Power and the Courage. patreon.com/loljkpodcast

Ice cold dirty pap. patreon.com/loljkpodcast

Ice cold dirty pap. patreon.com/loljkpodcast

That's only 1 ppp. patreon.com/loljkpodcast

That's only 1 ppp. patreon.com/loljkpodcast

DANK FALL LEAVES patreon.com/loljkpodcast

DANK FALL LEAVES patreon.com/loljkpodcast

Circumsonny Angels coming soon patreon.com/loljkpodcast

Circumsonny Angels coming soon patreon.com/loljkpodcast

Yo farts are funny. patreon.com/loljkpodcast

Yo farts are funny. patreon.com/loljkpodcast

I'm very thorough with my business. patreon.com/loljkpodcast

I'm very thorough with my business. patreon.com/loljkpodcast

ssaaaaAAAAAADDDD patreon.com/loljkpodcast

ssaaaaAAAAAADDDD patreon.com/loljkpodcast

In this episode, we discuss credit markets with Brian Carney, lead portfolio manager of the Mawer Global Credit Opportunities strategy. Brian touches on the tightening of credit spreads, risks in the leveraged loan market, and the limited compensation for high-yield bonds relative to their risks. He also reviews concerns about U.S. government credit quality, private credit profitability, and corporate policy shifts. Looking back on Mawer's GCO strategy performance in 2024, Brian highlights future plans for growth, process refinement, and team expansion. Key Takeaways: Credit spreads are tightening across all markets, benefiting investors but reducing risk premiums. U.S.-centric policies support domestic companies, yet lenders may not share in the gains. Brian recommends investors avoid chasing yield in lower-quality or long-duration bonds. Collateralized Loan Obligations (CLOs) drive the $1.2 trillion leveraged loan market, with issuance surging in 2024. This leverage-heavy, opaque market raises concerns about risk-taking. If dislocation occurs, leveraged loans could suffer alongside high-yield bonds, making it a key area for monitoring. High-yield bonds offer 7% returns, but history shows adding even 25% to a portfolio can significantly increase downside risk. With only a 0.6% incremental yield benefit today, investors aren't adequately compensated for the risk, making caution more prudent than yield chasing. Concerns include the U.S. government's credit quality, private credit's profitability favoring managers over investors, and ensuring portfolio companies maintain long-term stability despite short-term policy shifts. Monitoring these factors closely remains a priority. Future plans for Mawer's GCO strategy include expanding individual and institutional adoption, refining processes, leveraging technology, and selectively growing the team. Founded in 1974, Mawer Investment Management Ltd. (pronounced "more") is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com. Follow us on social: LinkedIn - https://www.linkedin.com/company/mawer-investment-management/ Instagram - https://www.instagram.com/mawerinvestmentmanagement/ 

An exchanging of heat. patreon.com/loljkpodcast

An exchanging of heat. patreon.com/loljkpodcast

This week, Johnny and Gav talk football celebrations, short sniffing and McIlroy's massive trophies. Plus, to help us bone up on everything we need to know about the upcoming Rugby League season, they're joined by a former player for Great Britain and Ireland, Brian Carney.You can hear The Kickabout live on Radio X from 11am every Saturday. Get in touch on kickabout@radiox.co.uk

Some sort of shunt. patreon.com/loljkpodcast

Some sort of shunt. patreon.com/loljkpodcast

COME ON GOOGLE. DO YOUR THING. patreon.com/loljkpodcast

Help me move my neck. patreon.com/loljkpodcast

In this episode, we discuss key trends and positioning in credit markets with Brian Carney, lead portfolio manager of the Mawer global credit opportunities strategy. We touch on the year's strong performance driven by tighter spreads, higher yields, and emerging risks such as low risk premiums and the U.S. election. Topics include corporate issuance, fallen angels, and public-private credit convergence. Emphasizing capital preservation, Brian highlights portfolio positioning in high-quality, short-duration securities, such as North American bank bonds, while avoiding high-yield exposure. Key Takeaways: Credit markets have performed well this year, driven by tighter spreads and higher benchmark yields, but risk premiums are historically low. Brian suggests investors prioritize capital preservation over chasing yield, avoiding high-yield bonds and long-dated credit. Post-U.S. election, vigilance is key amid potential policy-driven market shifts. Trends in the past quarter include fallen angels, commercial real estate risks, and potential high-yield defaults. An actively managed, absolute return credit strategy offers diversification, income, and potential capital appreciation while protecting against adverse credit and interest rate moves. It's ideal for long-term investors seeking alternatives to passive strategies and opportunities in volatile or distorted markets. Brian recommends investors view absolute return credit as a long-term allocation, not for market timing. Market dislocations are brief, and panic often prevents opportunistic moves. Mawer's portfolio is managed bottom-up, focusing on individual credit assessments to mitigate risk and seize opportunities. It prioritizes short-duration, high-quality holdings, avoids high yield, and ensures diversification with a maximum issuer cap of 10%, balancing downside risk and concentrated positions. Optimism abounds for long-term credit opportunities and future discussions on continued progress.   Host: Kevin Minas, CFA, MBA, CAIA Mawer Institutional Portfolio Manager Guest: Brian Carney, CIM Mawer Portfolio Manager, Fixed Income For more details and full transcript visit: https://mawer.com/the-art-of-boring/podcast This episode is available for download anywhere you get your podcasts. -- Founded in 1974, Mawer is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com. Follow us on social: LinkedIn -   / mawer-investment-management  Instagram - / https://www.instagram.com/mawerinvestmentmanagement/

Hustle drops. Oxygen sports. patreon.com/loljkpodcast

Whole body T.F. patreon.com/loljkpodcast

Zombies are guys. Ghosts are girls. patreon.com/loljkpodcast

RELEASED:1996 SET IN: 2017 patreon.com/loljkpodcast

Genitals are cool. patreon.com/loljkpodcast

Pop a clot. patreon.com/loljkpodcast

Oh bother patreon.com/loljkpodcast

penis face patreon.com/loljkpodcast

RELEASED:1973 SET IN: 2022 patreon.com/loljkpodcast

IT. IS. HOT. patreon.com/loljkpodcast

IT. IS. HOT. patreon.com/loljkpodcast

RELEASED:2006 SET IN: 2013 patreon.com/loljkpodcast

RELEASED:2006 SET IN: 2013 patreon.com/loljkpodcast

Can't wait till cars sweat. patreon.com/loljkpodcast

Can't wait till cars sweat. patreon.com/loljkpodcast

RELEASED:1994 SET IN: 1994/2004 patreon.com/loljkpodcast

RELEASED:1994 SET IN: 1994/2004 patreon.com/loljkpodcast

Finger it out patreon.com/loljkpodcast

Finger it out patreon.com/loljkpodcast

can't wait to be dead patreon.com/loljkpodcast

can't wait to be dead patreon.com/loljkpodcast

RELEASED: 2006 SET IN: 2021 (book) 2027 (movie) patreon.com/loljkpodcast

RELEASED: 2006 SET IN: 2021 (book) 2027 (movie) patreon.com/loljkpodcast

can't wait to be dead patreon.com/loljkpodcast

can't wait to be dead patreon.com/loljkpodcast