Narrow Road Capital

Australian Credit Management - Higher Returns · Lower Fees

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Australian Credit Management

Higher Returns · Lower Fees

How We Work

Why high yield & distressed credit?

At Narrow Road Capital we believe the credit markets reward three key variables: perceived risk, perceived complexity and actual illiquidity.

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Our Investment Process

Since the establishment of Narrow Road Capital in 2012, client returns have substantially exceeded benchmarks and the vast majority of our peers.

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Our Track Record

We believe a well selected and diligently managed high yield and distressed credit portfolio will deliver far better risk adjusted returns than traditional investment categories.

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Recent Memos

conspiracy theories

When the Truth is this Crazy, Who Needs Conspiracy Theories?

The insolvency of Wirecard has made many look foolish, but short sellers and a journalist had been on the case for years
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financial crisis

Are CLOs Going to Cause Another Financial Crisis?

Are claims that CLOs will bring down American banks another “Big Short” or merely a beat-up?
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Busted Companies Win

The Winner Is… Busted Companies

Retail investors piling into shares of bankrupt companies is a sure sign this isn’t a typical stock market rally
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Conflicted Advice

The Federal Government Tacitly Approves Conflicted Financial Advice

The decision to ban commissions on only some listed securities encourages dodgy advisors to provide suboptimal advice.
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Credit Normalising

Credit is Normalising, But…

Credit markets are improving but three dark clouds on the horizon point to the possibility of worsening conditions ahead.
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Home Load Pain

Home Loan Data Shows the Economic Cost of Lockdowns

The lockdown has resulted in a surge in payment problems, with one in eight home loan borrowers now unable to keep up with their scheduled repayments.
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