How ‘speed alpha’ helped investors in March 2021

Supply in Q1 2021 was second only to 2020, with plenty of demand for bonds and opportunities in the market for traders with the right reflexes and investment processes in place, such as big names with bonds trading at 80 cents on the dollar.

Tim Kurpis, head of investment grade credit trading at AllianceBernstein, says fewer opportunities – and concessions in new issues – meant more value was seen in secondary markets although primary still took up a lot of buy-side workload on the trading desk.

With good workflows across trading, portfolio management and risk, plus investment in technology such as execution management systems, can create the efficiencies needed to seize the right investment opportunities – or speed alpha in AllianceBernstein terminology.

Published on May 7, 2021

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