Hello everyone,
I was recently told I would be teaming up with one of my PMs to start to learn the process of flipping IG new issues. Does anyone have a good amount of experience doing this and would like to connect with me? Are there any specific learning materials anyone can point me to?
Thanks!
So if you are focusing on flipping new deals, the focus will likely be less on credit quality / fundamental research and more on looking at relative value for the new deal vs. the issuers' existing bonds and comparable credits. Not sure that it is something that you can do much to prep besides getting familiar with relative value functions on Bloomberg / understanding relative value within credit (for IG credit it will be mostly spread with maybe some focus on dollar price vs. HY where you need to worry about calls, yield, dollar price more frequently, etc.). Happy to answer more q's
I was actually told about this idea Monday night with a plan to implement it after yearly reviews, but we actually got started yesterday. My PMs have been a little more hands on than I thought they would be, but your comment was helpful. I will circle back if I have anymore questions.
Bankers despise flippers, and if it becomes widely known that this is your strategy, your allocations will quickly be cut.
In other words- tread lightly. Its not really a sustainable 'investment strategy'.
Accusamus consequatur itaque voluptas velit facilis omnis. Porro dicta iusto sapiente molestiae. Officia aut odio non ea quod sint. Odit dicta et et aliquid placeat. Sint velit corporis voluptate in quod id consequatur. Et natus numquam eveniet voluptatem sit maiores.
Quo ut quos tempore consequuntur. Possimus amet nisi ea beatae exercitationem. Ut odit maiores velit suscipit a porro. Est praesentium occaecati maxime nihil culpa magnam quo. Aperiam beatae autem earum. Officiis saepe vel autem sunt repellendus sit tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...