BDC Bust Creates Bond Opportunity for MFS Investment Management

The retail exodus from business development companies has dragged the vehicles’ debt to levels that are starting to look attractive, according to MFS Investment Management’s Alex Mackey.

“Pressure for redemptions that they’re facing likely ends up creating some opportunities within the public credit markets,” the co-chief investment officer for fixed income at the $622 billion asset manager said on the Bloomberg Intelligence Credit Edge podcast.