The energy sector ended 2019 on a high note. The 2020 election could have an impact on the energy sector.

Mike Kelly serves as Co-President and Chief Investment Officer of FS Investments. Mr. Kelly shares oversight of firm strategy and leads the investment management, product development, capital markets, due diligence and investment research functions. Mr. Kelly has extensive experience in investment management, product development and business development. Most recently, he was CEO of ORIX USA Asset...

Michael Forman is Chairman and CEO of FS Investments, a Philadelphia-based alternative investments asset manager. Michael founded FS Investments in 2007 after a successful career as both a corporate and securities lawyer and a serial entrepreneur. The firm is an outgrowth of Michael’s simple vision: help investors access alternative investments historically available only to large...

Robert Hoffman serves as Managing Director, Credit Wealth Solutions and is the firm’s primary subject matter expert on the corporate credit markets and select alternative investment solutions. He develops key communications and resources to help position and educate on FS Investments’ products. He previously served as the firm’s Head of Investment Research, leading the team...

Vincent Amatulli serves as Chief Technology and Operations Officer at FS Investments. In this role, he oversees Operations and Information Technology for the firm. Mr. Amatulli is a seasoned financial services industry and technology executive with a strong background in software development, infrastructure and operations. Most recently, he served as Chief Technology Officer at Broadridge...

December was a strong month for leveraged credit, with HY Bonds and Senior Secured Loans posting returns of 2.09% and 1.60%, respectively. The duration-sensitive Barclays Agg ended down slightly on the month.

In this report, Robert Hoffman outlines his expectations for positive, primarily income-driven returns for HY bonds and senior secured loans this year.

Are bond investors prepared for higher interest rate risk? This week’s chart looks at why they may need to seek income and stability from alternative sources.