- Direct lending (151)
- Emerging markets (50)
- High yield bonds (3227)
- Investment grade credit (93)
- Structured credit (111)
- CLO (248)
- Distressed debt (98)
- Credit derivatives (133)
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- Real assets (37)
ESG phenomenon leads to talk of incentive fee models1 day ago
For asset managers that are diving into environmental social and governance (ESG) investment standards, an ugly truth is the lack of any standardised performance fees. But that could change as more investors begin picking and choosing allocations based on ESG rubrics.
Highland files for bankruptcy2 days ago
Highland Capital Management filed for Chapter 11 bankruptcy in the Bankruptcy Court in the District of Delaware (Docket No. 19-12239)
Credit CIO Finch leaves GLG2 days ago
Simon Finch has parted ways with Man GLG, according to market sources, ending an 18-month stay at the firm where he served as chief investment officer for credit
US pension allocates to Golub in bid to boost 'non-core fixed income' bucket4 days ago
The State of New Mexico Investment Council has awarded $100 million to a senior debt fund managed by Golub Capital Partners, as part of a plan to bolster its non-core fixed income bucket
CVC adds Alcentra official to investor relations team in London7 days ago
CVC Credit Partners has appointed a managing director in its investor relations team from Alcentra
Anti-CDS tactics enter European bond market as high yield pipeline builds8 days ago
‘Anti-net short’, or ‘anti-CDS’, provisions are set to enter the European corporate bond market for the first time, as Merlin Entertainments and Kantar wrap up roadshows for deals financing their acquisitions by private equity firms
NNIP's private debt head moves to private equity job9 days ago
The team leader for direct lending, loan portfolio financing and non-performing loan securitisations at NN Investment Partners has moved to a senior private equity job at AnaCap Financial Partners
ESG education top priority for 42% of institutional investors, CFA Society finds9 days ago
Global Institutional investors are increasingly adopting ESG into their investment decision making – but education on the topic and quality ESG data are needed to help them progress, according to a survey conducted by CFA Society in New York
Managers have leeway even after triggering key person event, finds Ropes & Gray10 days ago
Almost all credit managers offer protection to investors that key employees will continue to manage the fund’s assets throughout its life, with 95% credit funds containing such "key person clauses". But that does not mean managers have their hands completely tied
Deluxe bankruptcy causes picture to blur for CLOs11 days ago
CLO managers hold $598 million of the video services company’s term loan, according to the latest trustee reports from CLO-i
Ares spots growth in Australia and forms distribution JV with Fidante14 days ago
Ares has teamed up with Fidante Partners to boost its distribution capabilities in Australia and New Zealand across its credit, private equity and real estate strategies
Swiss wealth management specialist launches impact investing unit14 days ago
Reyl Group has launched an impact investing asset management affiliate known as Asteria Investment Managers
Wells Fargo AM makes senior marketing hire14 days ago
Wells Fargo Asset Management has appointed Kelly Vives as head of marketing, according to an internal memo seen by Creditflux
European CLO managers join tussle for high-quality loans15 days ago
CLO managers which have been looking to de-risk their portfolios may have a fight on their hands if they seek to get hold of higher-quality paper in the primary market.
Brigade moves quickly to line-up Libor replacement15 days ago
Brigade Capital Management is engaging with its CLO investors to talk about a replacement benchmark for Libor.
CLOs finally get green cards as ESG makes its way to US market15 days ago
The rapid rise of environmental, social and governance (ESG) guidelines in financial markets has made its way across to the US CLO market, with several managers and investors last month announcing strategies geared towards ESG compliance.
Repo market bumps heads with credit to suffer SOFR doubts15 days ago
The reliability of the Secured Overnight Financing Rate (SOFR) was called into question last month when it spiked to a level more than double its usual value.
CarVal’s independence backed by five-year Cargill loan15 days ago
CarVal Investors’ management buy-out from parent company Cargill will be financed with a five-year term loan from Cargill alongside equity contributions by management, documents seen by Creditflux reveal.
Spectre of low loan recoveries fails to spook CLO market15 days ago
CLO managers and equity investors are optimistic despite recent reports which suggest that future US loan recovery rates will be lower than during the financial crisis.
CLOs take advantage of valuations to cash out of Refinitiv15 days ago
Refinitiv US Holdings was the most sold US issuer in July immediately following the announcement that the London Stock Exchange Group was to buy the firm.
Points up front: Best to price your deals between 12 and 6am15 days ago
The latest addition to JP Morgan’s index suite — which aims to quantify the impact of US president Donald Trump’s tweets on the financial markets — has been so popular it has landed its own Wikipedia entry
PE firms take hands-on approach to syndication15 days ago
European private equity firms are building out their debt capital market capabilities in a move which could radically improve information flow.
Typical CLO structures can’t take advantage of dislocation in the high yield bond market – yet15 days ago
High yield bond buckets in CLO 1.0s allowed managers to build par — it is time CLO 2.0s had the same opportunity
- Bond and loan volumes dropped in August amid signs that US investors are taking a safety-first approach: 46% of issuance was made up of loans rated BB-/Ba3, compared to 33% earlier this year15 days ago
Beyond blacklists: the next step in ESG15 days ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
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