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Natixis IM hires CEO with incumbent Raby set to depart
3 years ago
Natixis Investment Managers has hired Generali's chief investment officer to lead the firm from 12 April -
Moving fast pays off for hedge funds
3 years ago
2020 was an up and down year in credit, and credit hedge fund managers had to move quickly to capture opportunities from the dislocations that inevitably opened up -
High yield fund sets pace with 22% return in January
3 years ago
Wasserstein Debt Opportunities Fund has set the early pace for credit hedge funds in 2021 after registering a 21.7% gain in January. This builds on the high yield fund’s success last year and takes 12-month returns to 40.44%. -
Compression trades grind into gear as spreads narrow
3 years ago
Compression between high yield and investment grade credit looks to be finally gaining traction in February, having been identified by some strategists at the start of the year as a key 2021 theme -
CDS indices edge wider and positive skew opens as Pershing Square puts on new hedge
3 years ago
Credit indices have widened a touch this week but they’re back in focus with reports that Pershing Square Capital Management, led by Bill Ackman, has this week used CDS indices to hedge parts of its equity portfolio -
Squarepoint adds former bank credit trading head in London
3 years ago
Squarepoint Capital, a cross-asset fund manager that uses systematic and quantitative strategies, has hired a former global credit trading head at Societe Generale to lead fixed income, currencies and commodities alpha capture -
Curves and skews come back into play as CDS volumes swell
3 years ago
The rapid growth of the CDS market during the coronavirus pandemic has been consolidated in the second quarter, with investors putting on trades not seen in such volume since the 2008 financial crisis. -
Index tranche volumes go into overdrive as CSOs stall
3 years ago
CDS index tranche trading has gathered pace during the coronavirus pandemic, putting the asset class on course for a post-2008 crisis record. -
SocGen promotes cross-asset solutions specialist
3 years ago
Societe Generale has named a global head of economics, cross-asset and quant research -
Oaktree mixes defensive with opportunistic in new fund for recent hire
3 years ago
Oaktree Capital Management has launched a standalone absolute return fixed income fund for recent hire Brad Boyd, according to market sources -
There will surely be jewels in the high yield dung heap, but the risk-reward is more compelling in IG
3 years ago
Whatever the long-term effects of the pandemic, one thing stays the same: IG looks attractive -
Ecuador auction final list points to 67 cents pay-out on CDS
4 years ago
A credit event auction next week to settle Ecuador sovereign CDS will have 10 deliverable obligations, according to a final list published by the Americas Determinations Committtee -
Tikehau appoints head of capital market strategies
4 years ago
Tikehau Capital has appointed a head of capital market strategies effective today, responsible for overseeing the firm’s €3.8 billion bond, equity and flexible investment strategies -
Sculptor doubles global credit exposure in master fund amid dislocation
4 years ago
Sculptor Capital Management has doubled its global credit exposure in its Master Fund during the covid-19 volatility, according to the firm’s Q1 earnings call -
Autos dominate in BofA €25 billion fallen angel watchlist
4 years ago
Downgrade impact for fallen angels in the coming months could be more extreme than during the 2008 financial crisis, Bank of America strategists have warned, as they identified €25 billion worth of debt at European investment grade companies most at risk of falling into high yield territory -
Ecuador CDS gaps tighter as it heads to credit event auction
4 years ago
CDS referencing Ecuador sovereign bonds are rallying sharply, just as the Americas Determinations Committee set a date for them to be settled at a credit event auction -
Ecuador has triggered CDS contracts, says Determinations Committee
4 years ago
Ecuador has triggered a restructuring credit event, the Americas Determinations Committee has ruled -
Axiom bets on 2002-style credit recovery with crossover fund launch
4 years ago
Axiom Alternative Investments is readying to launch a fund aimed at generating returns from the dislocation and revival of European and US credit as the coronavirus pandemic develops -
Credit traders' kickstand: rolling with the pain, as relative value trades come unstuck
4 years ago
What a difference a month - and a pandemic - make. This time in February, no-one could have imagined a global financial crisis would be unfolding, that credit performance would be a battle between a virus and some of the biggest government and central bank interventions on record, that today's iTraxx Europe and CDX index rolls would traverse unprecedented ranges, that option expiry strikes would be blown beyond recognition, or that cash and CDS differentials would be whipsawing with such violence -
CDS index rolls to proceed on time despite record volatility and lockdowns
4 years ago
This Friday's move into new CDS index series will go ahead as scheduled, administrator IHS Markit has said, having sought advice on whether to postpone the roll date due to coronavirus-led market volatility -
Credit traders' kickstand: this is not a drill
4 years ago
Freefall in financial markets has brought one of the credit market’s most volatile sessions on record, as coronavirus cases globally near 100,000 and the WHO has warned governments are not doing nearly enough. iTraxx Crossover one-day volatility is up with the 2008 global financial crisis and 2011 European sovereign crisis -
‘Buying the dip’ is going to be a poor investment strategy when the next downturn comes
4 years ago
The next credit downturn will be shallower but more prolonged than the last, so what works will be different, too -
CVC adds Alcentra official to investor relations team in London
4 years ago
CVC Credit Partners has appointed a managing director in its investor relations team from Alcentra -
Typical CLO structures can’t take advantage of dislocation in the high yield bond market – yet
4 years ago
High yield bond buckets in CLO 1.0s allowed managers to build par — it is time CLO 2.0s had the same opportunity -
Swedish pension dismisses CEO over trading rules violation
4 years ago
First Swedish National Pension Fund (AP1) says its has dismissed chief investment officer (CEO) Johan Magnusson, claiming he breached internal regulations in regard to holding and trading financial instruments
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