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Davide Scigliuzzo
Global Private Credit Editor at Bloomberg News
Davide Scigliuzzo is a Senior Editor at Bloomberg LP, where he plays a significant role in shaping financial journalism and editorial content. His professional background includes extensive experience in financial reporting and analysis, contributing to Bloomberg's reputation as a leading source of business news.
Professional Background::
- Current Role: As a Senior Editor at Bloomberg LP, Scigliuzzo oversees a team of journalists and is responsible for the accuracy and quality of financial news coverage.
- Experience: He has a strong background in finance and journalism, having worked in various capacities that enhance his expertise in economic reporting.
Education and Skills::
- Scigliuzzo holds relevant degrees that support his career in journalism and finance.
- His skill set includes editorial leadership, financial analysis, and a deep understanding of market dynamics.
LinkedIn Presence::
- On LinkedIn, his username is davidescigliuzzo, where he likely shares insights related to finance, journalism, and industry trends.
Overall, Davide Scigliuzzo exemplifies the blend of journalistic integrity and financial acumen essential for success in today's fast-paced news environment.
Highlights
The CEO of Prospect Capital Corp. — a publicly-traded $8 billion private credit fund run by Prospect Capital Management — lashed out at a Wells Fargo analyst during a quarterly earnings call today, accusing him of asking "absurd" questions.
“No, we’re not running over and looking at break glass here. I just am amazed at these questions,” the CEO said in a heated exchange. “Is the house on fire? Why are we talking about something like that?”
The altercation follows increased criticism from analysts over Prospect's use of payment-in-kind arrangements, its reliance on retail investors for funding and its relationship with a real estate investment trust it fully controls.
Full story by Ellen Rose Schneider
Private lender Prospect Capital Management is pushing back against criticism over its frequent use of arrangements that let borrowers pay interest with more debt and its reliance on individual investors for funding.
Shares in Prospect's $8 billion private credit fund have dropped to their lowest in four years since our story on Tuesday, which highlighted growing concerns among analysts over the fund's finances.
