There's a "very" high percentage of new funds coming into "fixed-income versus equity," Aryeh Bourkoff, Vice Chairman, TMT Investment Banking, UBS told CNBC today.
These new funds are "coming right into the corporate bond market," Bourkoff said.
Everyone got out of hand with too much leverage a few years ago. Now in deal making, the media banker said, "we are giving companies enough leverage to actually transact in sectors—sometimes with leverage ratios that are higher than if they traded in that same sector."
For example, TMT Investment Banking recently announced that they advised Bresnan Communications in selling their business to Cablevision.