Navigating credit cycles with senior loans: Lessons from 27 years in the market

Senior loans are enjoying renewed attention as high yields and floating rates attract global capital. Christopher Kempton, global head of client portfolio management, Credit Investments Group (CIG) at UBS Asset Management, explains how scale, stability and disciplined credit selection have helped his team capture more upside and less downside through decades of credit cycles — and why the opportunity is timely now.