- Direct lending (105)
- Emerging markets (94)
- Investment grade credit (183)
- Structured credit (94)
- CLO (116)
- Distressed debt (182)
- Credit derivatives (227)
- Leveraged loans (3188)
- Marketplace lending (6)
- Real assets (30)
Credit traders' kickstand: Basis and CDS curves take focus with long wait ahead for central bank direction2 days ago
With almost a month to wait before the European Central Bank and US Federal Reserve hold their next decisive meetings, a bumpier and seemingly directionless road continues in credit markets as investors show little inclination to do anything more adventurous than just hold on tight
Cambridge University appoints CIO6 days ago
The University of Cambridge has named a CIO who previously served at instutituions such as the BBC and Virgin
Connecticut $36 billion pension hires first chief risk officer8 days ago
The Connecticut Retirement Plans and Trust Funds has hired its first-ever chief risk officer
Buy iTraxx Europe equity tranche risk but sell Crossover mezz, says JP Morgan8 days ago
Investors should stick with ‘search for yield’ ideas in investment grade credit, say JP Morgan credit strategists, including selling iTraxx Europe 0-3% equity tranches delta hedged, going long the 10-year Europe index, and selling credit volatility through index options while buying equity market volatility
BlueMountain buyout to bring CLO equity shift, funding pledge and Feldstein payout9 days ago
BlueMountain Capital Management’s co-founder Andrew Feldstein looks set to receive a substantial pay-out in common shares of Assured Guaranty, which has agreed to buy the manager for around $160 million and has outlined a three-year plan for its CLOs
Credit traders' kickstand: volatility puts paid to primary, but pays out for relative value buyers12 days ago
The persistence of credit market choppiness has brought into focus CDS/bond basis plays, options positioning, high yield dispersion and peripheral European weakness - but mainly the volatility rash has put a block on borrowers' primary market aspirations
Lombard Odier expands sustainability team13 days ago
Lombard Odier has bolstered its sustainability capabilities with the appointments of Christopher Kaminker and Ebba Lepage
Galapagos CDS settles higher than expected despite net interest to sell13 days ago
Galapagos Holdings CDS settled at a price that, while low, was nonetheless higher than had been implied by initial markets despite a net open interest among participating dealers to sell the company’s bonds
Galapagos CDS auction kicks off with very low initial market midpoint14 days ago
Bidding in a credit event auction today to settle Galapagos Holdings CDS has produced a very low initial market midpoint, suggesting there will be a high final pay-out to holders of protection
Galapagos CDS auction looms with Morgan Stanley added to participating bidders15 days ago
A credit event auction tomorrow to settle Galapagos Holdings CDS will have 10 participating bidders, with Morgan Stanley having been approved by other dealers to take part
UK pension pool launches multi-asset credit search15 days ago
Border to Coast, a £46 billion ($56.8 billion) partnership between 12 UK pension plans, is seeking for a core multi asset credit manager, for its recently opened multi asset credit fund
Och-Ziff revenue tumbles despite inflows to credit funds and CLOs16 days ago
Och-Ziff Capital Management posted a net loss of $8.6 million in the second quarter, which it blamed on the market’s reaction to US China trade tensions and the US Federal Reserve’s twist of monetary policy
New EC fund rules could lead to ‘pre-pre-marketing’20 days ago
The European Commission has approved a standardised concept of ‘pre-marketing’ in a move that could see more capital flow through the European Economic Area. The new definition of pre-marketing is meant to provide clarity, but some sources say that the amendments could be seen as an additional burden and lead to a concept of pre-pre-marketing.
- US loan issuance has fallen dramatically this year, but many thirsty investors found liquidity in the secondary market or took advantage of plentiful high yield issuance in a record quarter for bonds
Flat curves and decompression make waves below the surface20 days ago
Hopes of using the summer slowdown to get to the beach may be tempered for credit relative value traders, where opportunities abound behind the uninspiring benchmark numbers of the slow market grind.
Points up front: Benefits of being unethical20 days ago
Investing ethically is increasingly becoming part of a credit manager’s mandate, with environmental, social and governance (ESG) strategies all the rage.
Net short language could force lenders to sell at a loss20 days ago
Signs are growing that ‘net short’ provisions in bonds and loans are getting closer to hitting CDS investors, with two instances in recent weeks of the language expanding both in geographical and functional remit.
Back to basis (and skew) as relative value plays catch-up20 days ago
Basis trades between bonds and CDS failed to gain traction during July as synthetic markets held ground or improved their position versus cash, but this is beginning to change, say market participants.
- A round-up of fund performance20 days ago
- A round-up of ucits fund performance20 days ago
BlackRock launches $2 billion coporate credit fund with special situations remit20 days ago
BlackRock has closed its flagship opportunistic credit fund, Global Credit Opportunities, with $2 billion capital commitments
Galapagos CDS auction date set21 days ago
Settlement of Galapagos Holdings CDS will take place on Wednesday next week (7 August), the auction’s administrator Creditex has said
BlueMountain lands senior credit trader in New York21 days ago
BlueMountain has hired an experienced trader in New York to cover credit and special situations
Upward flexes, CLOs gather speed and 'net-short' language develops [podcast]22 days ago
The Acuris Fixed Income Group in North America recounts Q2 in the leveraged credit markets.
Kayne Anderson targets direct lending and liquid credit mix for new fund23 days ago
Kayne Anderson is looking to launch a closed-ended fund focused on direct lending, liquid credit and energy and infrastructure equity investments
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