Resonanz Spotlight
This is a podcast where we explore investment strategies, learn the stories behind them, and meet the experts who create them.
Resonanz Spotlight
Capital Structure Arbitrage: When Markets Disagree
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Vincent and Saâd unpack a strategy that sits right between equity and credit — capital structure arbitrage.
Why do stocks and credit spreads sometimes tell completely different stories about the same company? And how do professional investors structure trades to potentially profit from that disagreement — without simply betting on market direction?
In under 10 minutes, we break down the core idea, a simple mental model, where returns can come from, and the risks that matter most (liquidity, model risk, and “both sides lose” scenarios).
If you want a sharper lens on relative value investing — this one is for you.