The Lead Left: Jason, your new book, Sweat Equity, focuses on endurance sports and the fitness industry from the entrepreneur’s perspective. What was the inspiration for this project?
Jason Kelly: It was both personal and professional. I’ve been running marathons since 1999, I started looking at how dollars were being spent. Running is simple, not a complicated sport. You basically have shoes and clothes. I realized I was spending a lot on not just those basic items, but also the cost of races, your travel, your food, and so on. And I was spending a lot!
The Bank of England’s (BoE) revamped quantitative easing (QE) program hit an early snag last week when the central bank failed to source enough gilts on just the second day of purchases. This early setback has caused some to question the impact of the bank’s actions on the corporate bond market, and whether the bank would be able to source its targeted £10bn of investment grade corporate bonds without causing major liquidity disruptions when purchases start in September.
Private Debt Investors Target Europe
Despite recent lacklustre fundraising activity, the private debt industry continues to attract investors, due to the uncorrelated returns and regular income stream offered by the asset class. Ninety-four percent of private debt investors expect the size of the industry to increase over the next five years, with over a quarter (27%)