Ben Emons | Credit Invest USA by FILS

Day 1 | 4th December

2:20 PM 360 Perspective: Engineering resilient portfolios: How can you stress test blended portfolios to enhance resilience amid geopolitical and regulatory shifts?

As geopolitical tensions escalate and regulatory pressures mount, investors are increasingly challenged to build resilient portfolios that blend public and private credit. This panel explores how leading institutions are navigating the convergence of these markets—balancing liquidity and return targets while managing evolving risk dynamics. From stress-testing hybrid portfolios to addressing duration mismatches and regulatory spillover, speakers will examine how to construct credit allocations that remain durable in the face of macroeconomic shocks and shifting policy landscapes.

2:50 PM Valuation Methodologies Panel (Chatham House Rules Apply): From PIK risk to default cycles: How can you leverage core valuation fundamentals to better price risk, minimize rate loss and navigate default cycles?

As the private credit market matures, understanding asset-level fundamentals is becoming essential for both allocators and managers. This panel will dive into core valuation methodologies, use of payment-in-kind (PIK) structures, historical and projected loss rates, and lessons from past default cycles. Learn how institutional investors and originators are stress-testing assumptions and pricing risk across market cycles.