Rowan says the pool of assets yielding less than 5% is vastly larger than opportunistic credit.
“I like to say it's the pile of assets in the world that yields less than 5% is like this big.”
Rowan sees enormous opportunity in Asia where banks represent 90% of corporate capital versus 25% in the US.
“The banking system is 25% of all corporate capital. In Europe it's 65%. In Asia I think it's 90%.”