Chris Acito – Credit Where Credit is Due (Capital Allocators, EP.33)

Chris Acito is the CEO and CIO of Gapstow Capital Partners, a credit-focused investment organization. Chris started his career as a management consultant and traversed to focus on asset management consulting around the founding of Casey, Quirk, and Acito. He switched to the buy side focusing on hedge funds in the years leading up to the financial crisis and started Gapstow in 2009. Our wide-ranging conversation starts with Chris' background and moves to the formation of a credit focused firm in the thick of the financial crisis. We discuss the credit landscape today, shift from legacy to new issue opportunities, existential crisis in investment grade paper, liquidity, ETFs, credit as an asset class, credit-specific due diligence, and the next distressed cycle. For more episodes, go to capitalallocatorspodcast.com/podcast Follow Ted on twitter at @tseides