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11 results found Showing page 1 of 1

  • Managers weigh up matters of principal
    CLO managers that were able to avoid OC traps made double-digit equity distributions in Q2, despite the headwinds. But these firms tended not to be among those that built the most par

    3 years ago

  • Investors gain upper hand in doc negotiations

    Late June saw the balance of power shift slightly in favour of loan investors, with repricing rates rising and doc terms improving as a glut of borrowers sought to get deals done by the quarter end 
     

    5 years ago

  • Making sense of brexit and credit
    The UK’s vote to walk out of the European Union in June topped last month’s agenda for credit research and commentary. Views were divided about its impact on credit.

    7 years ago

  • Meat processors: Living high on the hog
    Meat producers are in clover right now. But low margins and industry consolidation could make the future precarious

    9 years ago

  • Keeping in sync with sinking bonds
    Jan-Frederik Mai and Marc Wittlinger describe a technique for pricing bonds that have a random sinking fund feature without the need to resort to time-consuming Monte Carlo algorithms

    9 years ago

  • CLOs win out in the crisis
    Analysis shows that, as an alpha-generating asset class, CLO equity has an edge over hedge funds and private equity since the onset of the global financial crisis

    11 years ago

  • Spotlight on retail: Penney dreadful
    JC Penney’s catastrophic trading strategy is proving a case study in subordination risk for bond investors

    11 years ago

  • Call protection: investors lock up their loans
    As bond investors have moved into the loan market, borrowers have had to offer them more bond-like features. But will call protection be eroded as demand for loans increases?

    11 years ago

  • Tanker credits sunk by oversupply
    The worst should be over for tanker companies but exuberant ordering of new vessels prior to 2009 and high leverage mean that most are still struggling

    12 years ago

  • Recent euro CLOs trade out of trouble
    Some 2007 European CLOs have shaken off their difficult start and, with the help of active trading strategies, have performed strongly in the past six months

    13 years ago

  • Active CLO traders uncovered
    Data from CLO Master reveals just how wide the gap is between some actively trading funds and their passive competitors

    14 years ago

11 results found Showing page 1 of 1

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