BlackRock Global Long/Short Credit Absolute Return Credit
BlackRock Global Long/Short Credit Overview
Client
Challenge
Why GLSC
Why Now
Why
BlackRock
BLACKROCK*
ā
ā
Investors need to diversify their fixed income exposure in preparation for potential monetary
policy regime change
With yields low, credit spreads compressed and valuations high, returns from fixed income
beta are less likely versus prior years
GLSC has the potential to offer a lower volatility & low correlation alternative to fixed income
Access to global credit markets vs. solely domestic markets doubles the opportunity set
GLSC provides the flexibility to go long and short different parts of credit markets within a zero
duration construct
Complacency around fixed income and credit beta has risen and investors need flexible
solutions
With interest rates on the rise, clients can invest without concerns of duration risk
Greater dispersion across credit asset classes, sectors and industries provides alpha
opportunities accessible through a long/short framework
Led by Josh Tarnow (25+ years of experience), GLSC leverages an experienced credit team
with global reach
Beta, carry, absolute return and hedging strategies provide diversified sources of return and
the ability to adapt to changing markets
Value-add from BlackRock's Risk & Quantitative Analysis that enhances the investment
process with portfolio and position-level risk analysis, emphasizing credit diversification and
liquidity
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE GENERAL PUBLIC.
USR0418U-470515-1498457
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