About
- Donnalisa ’86 and Bill Barnum Endowed Term Chair in Management
- Fischer Black Prize (2025)
- Associate Editor, Journal of Finance (2021- Present)
- Associate Editor, Journal of Financial Economics (2021- Present)
Voting History
Question A:Some major private credit funds - including those offered by BlackRock, Cliffwater and Morgan Stanley - have maintained their redemption limits, not fully filling all investor requests.
The enforcement of restrictions on withdrawals from private credit funds predicts that the funds will substantially underperform indices of liquid high-yield corporate bonds over the next 18 months.
| Vote | Confidence | Median Survey Vote | Median Survey Confidence |
|---|---|---|---|
|
|
|||
Question B: Assets in the private credit funds that are restricting withdrawals are substantially overvalued relative to their true market value.
| Vote | Confidence | Median Survey Vote | Median Survey Confidence |
|---|---|---|---|
|
Comment: Likely to some degree, unsure on how substantially
|
|||
