Gareth Henry has worked in the private credit space for the past 13 years. Among his top positions are working as the head of global investors relations for two multinational financial firms, Fortress Investment Group, and Angelo, Gordon & Company. His college degree was actuarial math which he says has enabled him to understand complex financial transactions and investments. He is also deeply experienced with alternative asset investing. This experience has allowed him to raise substantial amounts of capital for the firms he has worked for.
He says that the private credit sector of the economy has been doing pretty well for itself for the past few years. Gareth Henry chalks this up to a few factors that are at play. First, banks have become much more heavily regulated since they nearly brought down the entire global economy in 2008. This means that they have had to cut back on the amount of money they lend out, especially when it comes to mid-cap sized firms. The second reason is that all public companies have been cracked down on by regulators to some degree. There had been too many accounting scandals and other types of financial issues going on so they now have to issue an increasing amount of public disclosures about their business practices.
Third, Gareth Henry says that another issue is that publically traded firms have to issue quarterly reports. A consequence of this is that shareholders, and thus the executives of publically traded companies, take far too much of a short-term view on revenue and profit. This means that they don’t focus on the long run which can have a serious impact in the future. Gareth Henry is originally from Scotland. He moved to London to start his professional career as it is one of the main financial centers in the world. After working in London for several years he moved to New York when he joined Angelo, Gordon & Company. He has also worked for Schroders which is a money management company. Additionally, he has been an investment manager at a few firms such as Philadelphia’s SEI Investments.