Recently, credit markets were under severe stress—until the Federal Reserve stepped in. Over the last few months issuance is reaching new heights, and central banks are participating in all grades of credit.

What has changed for investors? Have we returned to normal or have market dynamics changed? Is further specialization the only way for managers to succeed? Crucially, is the Fed's current market intervention merely delaying a credit market reckoning that will lead to major downgrades and restructuring in the future?

Moderator

Staci Warden, Milken Institute

Speakers

Joshua S. Friedman, Co-Founder, Co-Chairman and Co-CEO, Canyon Partners, LLC

George Hicks, Co-Founder and Co-CEO, Värde Partners

Rishi Kapoor, Co-Chief Executive Officer, Investcorp