Rithm Capital

Q4 has opened up with resilience taking over from the soft landing narrative that dominated Q3. We share our Eyes On The Market in watching key trends as the quarter unfolds. Read more below and subscribe here to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance Satish Mansukhani

The September FOMC will be marked as one for the history books. Flows and positioning point to investors shying away from outright duration and direct credit exposures, both favored heading into the September FOMC, but not in emerging out of it. Yield curve steepeners and quality credit assets – from agency MBS to AAA and even BBB CLOs – remain favored assets. Read more and subscribe to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #economy #markets #finance Satish Mansukhani

The onset of monetary policy at the September 18th FOMC comes with key questions on the magnitude and path ahead. Read more and subscribe to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance Satish Mansukhani

Our latest Rithm Take features what's drawing our focus as Q3 2024 progresses. It's bound to be an interesting one! Read more below and subscribe here to stay connected: https://lnkd.in/eXsnW6sz #TheRithmTake #markets #finance #economy Satish Mansukhani

Fed officials continue to see a path to a soft landing, but achieving that soft landing may require a reduction in the degree of monetary policy restraint as inflation slowly moves towards the Fed’s target and the risk of a higher unemployment rate grows. Read more below and subscribe here: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance Satish Mansukhani

Synthetic, or as referred to in Europe, Significant Risk Transfer (SRT) transactions have seen a notable pick up this year in the US. This development has aligned with the “Capital Recession” theme we have outlined as ongoing with the various factors impacting bank balance sheets. The emergence of this product from bank sellers is symbolic of the transfer of assets to private entities through private credit and asset-based finance (ABF) channels. Read more and subscribe here: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance #privatecredit #assetbasedfinance #abf Satish Mansukhani Jerome Le Jamtel

Though inflation is moving toward the Fed’s target, albeit slowly, and labor market is coming into better balance, the economy remains far from the Fed’s dual objectives. Both verbal guidance from Powell and the Summary of Economic Projections will probably signal that the Fed still expects to lower rates in 2024, but by less than the three quarter-point cuts signaled in the March SEPs. Read more below and subscribe: https://lnkd.in/eQ4FjxCR #TheRithmTake #markets #economy #finance Satish Mansukhani

Investor demand for exposure to direct housing credit risk is high, with record tight spread evidenced in related securitized sectors like credit risk transfer (CRT) notes. RTLs are an asset class that stands to further fulfill this demand. Click here to read more: https://lnkd.in/e3jXz6N5 #economy #markets #finance #Assetbasedfinance #privatecredit Satish Mansukhani

At a time when the Federal Reserve’s monetary policy is in flux, CLO ETF flows and performance provides another sentiment indicator from the retail investor base in addition to data points from capital markets. Click to subscribe to The Rithm Take: https://lnkd.in/eEw27uDT #economy #markets #finance #TheRithmTake Satish Mansukhani

We're excited to announce that David Zeiden has recently joined Rithm Capital as the firm’s Chief Legal Officer. ? David joins from Sculptor Capital Management, bringing his global asset management experience to Rithm and its subsidiaries, ensuring their commitment to prioritizing value for LPs and public shareholders. David served in numerous legal, compliance and operational leadership roles. He joined Sculptor in 2007 as the firm’s first General Counsel for Asia and later transitioned to the expanded role of Chief Operating Officer for Asia.?With a background as a private equity lawyer, he expanded his expertise at Sculptor into alternative investing, partnering with Sculptor’s investment teams across equities, credit and convertible derivative arbitrage strategies. Returning to New York City from Hong Kong in 2020, he assumed the role of Sculptor’s Global Chief Compliance Officer, championing Sculptor’s commitment to fostering its ethical business and client-first culture.