This week we conclude our conversation with Mark Gold, chief executive officer/chief investment officer, Hillmark Capital Management LLC and its affiliate NewMark Capital LC. Hillmark is a NY-based investment management firm focusing on broadly syndicated loans through CLO vehicles. Second of two parts – View part one
The Lead Left: Mark, we’re seeing a rush by managers to issue ahead of risk retention rules. Is this temporary?
Mark Gold: Yes, we believe this burst of activity is in response to risk retention. We also believe this demand has driven up liability prices.
TLL: And banks are certainly not encouraged to be holders of leveraged loans.