CFA Society San Antonio

A Member of the CFA Institute Global Network of Societies


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Event Description
1/22/2020 11:30 AM1/22/2020 1:00 PM

Please join the CFASSA for lunch & presentation with Joseph Graham, CFA at Sustenio at Éilan Hotel on January 22, 2020 from 11:30am - 1:00pm. He will be discussing "The Credit Spread Puzzle:  Implications for Portfolio Builders"

What's in a credit spread? Joe will provide a brief history of the "credit spread puzzle" and why ex-post portfolio returns often do not capture it. This has numerous implications for the short duration credit asset class's risk, return, and application within a broader portfolio. He will also explore the anomaly of high risk-adjusted returns in short credit, the possible behavioral roots underlying it and why he think it's relevant today.   

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