Yield starved investors are not without hope, says Jim Grant, suggesting (the 9 min. mark) two...

|By:, SA News Editor

Yield starved investors are not without hope, says Jim Grant, suggesting (the 9 min. mark) two BDCs - Ares Capital (ARCC) and Golub Capital (GBDC) - both of whom had very good credit experience even in the last brutal cycle. Also consider leveraged loan funds - yes, they invest in leveraged companies, but they have the senior-most claims, and the loans performed well even during 2007-09. Andrew Boral has a nice article describing a few.