Episode 30: The Hidden Market of Bank Loan Sales - Nick Renwick, Cross Ocean Partners

Our guest, Nick Renwick, is Senior Portfolio Manager and Head of Research at Cross Ocean Partners. Cross Ocean invests globally in a broad range of credit and hard assets. They specialize in sourcing assets directly from banks. This provides the firm a distinctive sourcing advantage as well as an inside view on the health and future of global banks. Cross Ocean was formed as the European Special Situations Team spun out from Merrill Lynch in 2015. Team members have decades of experience in global credit and hard assets.

In today’s conversation, Nick provides a great explanation of why there are opportunities available in the current credit market. Compared to just a year ago, today- investors willing to fill the capital void can achieve higher returns while taking less risk. Enjoy today’s podcast - a wonderful education on banks, credit, regulation changes, and how the pipes actually work.  

This podcast was recorded on July 14,  2023.  The respective opinions expressed are those of Mr. Renwick and the Biltmore Family Office, LLC investment team.  The opinions referenced are as of the date of this podcast and are subject to change without notice.  This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector.  Forward-looking statements are not guaranteed.  BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate.  The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.  Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.  

Biltmore Family Office, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about BFO’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.