- Direct lending (28)
- Emerging markets (21)
- High yield bonds (41)
- Investment grade credit (41)
- Structured credit (remove)
- CLO (45)
- Distressed debt (28)
- Leveraged loans (52)
- Marketplace lending (7)
- Real assets (21)
Fund performance: CLO funds keep up the momentum for second month running5 days ago
May returns have been led by continued momentum from CLO funds. In the last month, funds that invest in CLO notes in some capacity have made up 90% of our top 10, while 97% of funds listed generated positive returns - an improvement of 15% on last month's figures.
Credit funds at a glance (July 2020)5 days ago
A round-up of fundraising and people moves
Ucits at a glance: Ucits recover lost ground5 days ago
The foot has come off the gas for many funds - 57% of funds did not break the 2% return barrier.
Index tranche volumes go into overdrive as CSOs stall5 days ago
CDS index tranche trading has gathered pace during the coronavirus pandemic, putting the asset class on course for a post-2008 crisis record.
Canadian pension Imco outlines two-year $6 billion credit plans5 days ago
The Investment Management Corporation of Ontario (Imco) has a range of credit strategies in its sights as it seeks to deploy $6 billion in the next two years as part of the build out of a global credit platform, according to officials at the company
Relief rally follows relative value trading on US/Europe credit and tranches25 days ago
Credit markets look set to end the week on a cautious retracement tighter, after several sessions of heavy reminders the coronavirus crisis is far from over and that sector/geographical selection remains important
PGIM prepares listed credit fund1 month ago
PGIM is marketing a ‘flexible’ listed fund, dubbed PGIM Strategic Credit Fund , to invest at least 80% across fixed income
Basis and capital structure strategies zing for Xaia as market anomalies multiply1 month ago
April was another challenging month for most funds. But some managers were able to take advantage of relative value opportunities and growing investor appetite for this form of investment strategy
PGGM pairs with pension fund Alecta to set SRT standards1 month ago
The landmark co-investment partnership between Swedish pension fund Alecta and PGGM, the largest investor in significant risk transfer deals, has its roots in establishing a concrete set of standards for the SRT market, according to company officials
Index equity tranches show resilience in face of default spike1 month ago
Lower credit index volatility in May refocused investor minds on idiosyncratic risk, with some give-up by previously outperforming equity tranches
Fund performance: CLO tranches move up1 month ago
April returns managed a partial bounce back after a tumultuous March. 82% of funds listed in the Creditflux database made positive returns, showing at least small signs of recovery after 90% of all funds listed posted negative returns in March
Credit funds at a glance (June 2020)1 month ago
A round-up of fundraising and people moves
Ucits at a glance: Ucits begin recovery phase1 month ago
April returns prove positive for Ucits funds as 85% of those listed in the Creditflux database have moved into the black after a rough March
CSOs are hurting but will emerge stronger, say sources2 months ago
It is unsurprising that bespoke synthetic tranches have suffered during the covid-19 crisis, as they are backed largely by real money investors that have gone outright long credit risk. But more noteworthy and reassuring, say sources, is that most have held firm in their positions and look set to stick with the asset class — in contrast to the 2008 global financial crisis exodus
Alecta partners with PGGM for SRT co-investments2 months ago
Swedish pension fund Alecta has formed a co-investment partnership with PGGM to invest in significant risk transfers
CDX HY and tranches hit as Whiting protection buyers win big pay-out2 months ago
Whiting Petroleum CDS have settled at a final price of just seven cents, meaning a 93 cents pay-out to buyers of protection on the Denver headquartered exploration firm
Frontier triggers credit event but HY equity tranches outperform2 months ago
Frontier Communications has triggered a bankruptcy credit event, the Americas Determinations Committee has confirmed. This is the fourth credit event to hit recently off-the-run index CDX HY series 33, on which on-the-run index tranches are based and for which recoveries have so far been very low
Former JP Morgan credit prop trader relaunches credit hedge fund3 months ago
Palm Lane Partners is relaunching – two years after the credit hedge fund manager looked to spin out of JP Morgan Asset Management
Short-dated CSOs touted as jump-to-default risk hits curves3 months ago
The coronavirus outbreak has all but vanquished hopes of any regular CSO business getting done, but sources say bespoke portfolios of short-dated CDS could soon be in the offing as investors look to express a view on when the crisis will end.
High yield index widening drives equity tranche trades3 months ago
The blow-out in corporate credit spreads is creating opportunities in the index tranche market.
Axiom freezes credit exotics fund as volatility roils CDS market3 months ago
Citing market volatility, Axiom Alternative Investments has suspended subscriptions and redemptions to a fund that invests in credit derivative products such as indices, tranches, options and single name CDS
Brigade collects $100 million for 'senior tranche' SMA4 months ago
Brigade Capital Management has won a $100 million mandate from Texas County & District Retirement System for a structured credit fund geared towards senior tranches
Credit managers hunker down as idiosyncratic risks persist4 months ago
A slew of earnings reports from credit managers and business development companies shows that deal-making and performance are robust, but great importance is being placed on credit selection.
Dealers zero in on pair of managed CSO formats4 months ago
The eagerly awaited introduction of ‘managed’ CSOs is getting closer, with hopes still alive for an inaugural deal before the end of March and consensus forming around two alternative approaches.
EIB buys mezzanine tranche in Commerzbank SRT4 months ago
Commerzbank has launched a €1.5 billion significant risk transfer with the European Investment Bank (EIB) announcing that it has invested in the mezzanine tranche of the securitisation
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