Stan Sokolowski is Managing Director, Senior Portfolio Manager and Deputy CIO at CIFC Investment Management LLC, a sub-advisor to Catalyst Funds. He is Senior Portfolio Manager of a floating rate income strategy at Catalyst Funds. Mr. Sokolowski has 28 years of credit, portfolio management, and trading experience. He is a lead portfolio manager and member of the CIFC’s Investment Committee. Mr. Sokolowski has a broad range of investment management skills and experience in private and public credit markets. He has invested and traded across the spectrum of credit, including high yield to investment grade as well as distressed and stressed credit, fixed and floating rate instruments, bonds, loans, CDS and index products. Mr. Sokolowski completed Chemical Bank’s MBA Capital Markets and Credit Training Program in 1994 and holds a B.A. in Finance from Michigan State University.
The headlines are still unnerving and volatility remains a worry. Many asset classes have yet to recover and countless investors fear additional losses. Fundamentals, investor positioning and sentiment are all conveying mixed signals.
Sentiment remains mixed as the last few weeks have brought concerns of economic damage. On the other hand, many markets have experienced a V-shaped recovery. Loan prices are now $10.04 off the lows after declining $20.46 from 2/21 to 3/23.
After several tumultuous weeks, global financial markets continue to be severely impacted by coronavirus contagion. In these unprecedented times, no one can say that they have lived through market conditions quite like the ones we are currently experiencing.
There is a $16 trillion pile of negative yielding debt around the world and global central banks are officially trying to out-dove each other as one after next slashes interest rates in a race to the bottom. Against this backdrop, what is an investor to do?!