Refine Search
Article Categories
Strategy Tags
- Direct lending (5)
- Emerging markets (4)
- High yield bonds (41)
- Investment grade credit (23)
- Structured credit (15)
- CLO (10)
- Distressed debt (3)
- Credit derivatives (39)
- Leveraged loans (13)
- Real assets (1)
Geography Tags
-
Ohio pension injects $175 million into credit via JP Morgan and HPS
4 years ago
The School Employees Retirement System of Ohio has made a $175 million commitment to two strategies; high yield and direct lending -
Dealers zero in on pair of managed CSO formats
4 years 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. -
Hedge against coronavirus, says JP Morgan, naming 40 most exposed credits
4 years ago
With novel coronavirus cases rising at what looks to be an exponential rate, JP Morgan strategists have proposed a high yield hedge to address the rising threat to European credit spreads and listed 40 borrowers they think are most exposed to impact -
Oil supply concerns grease CDS relative value trade
4 years ago
With credit spreads having begun 2020 circling post-crisis tight prints, there is not much room across the market for improvement and plenty of susceptibility to jitters. But at least one CDS index shows scope to narrow further and could form part of a relative value trade -
JP Morgan's head of European high yield trading leaves for $32 billion asset manager
4 years ago
JP Morgan's head of European high yield trading has left the firm and landed at global credit manager with a large CLO business -
CSO arrangers look to build on $65bn of issuance in 2019
4 years ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made. -
Man hires real estate loan specialist from JP Morgan
4 years ago
Man Group has hired an investment director to its European private debt team -
CLO supply set for double-digit drop in 2020, says JP Morgan
4 years ago
US CLO supply in 2020 will be as much as 20% down on 2019, while European issuance will fall 13% year-on-year, predict JP Morgan strategists in a research note. Even so, new CLOs should still outpace existing deal paydowns, as well as high yield primary market net new issuance -
Reality bites after credit traders abandon Brexit hedges
4 years ago
Rediscovered faith in the ability of the UK and European Union to reach an agreement before the 31 October Brexit deadline has helped fuel a surge tighter of credit spreads, led by UK financial names. But that break with caution faces an immediate reality check today, following admissions a lot more work is needed -
Go long CLO triple-A and pick cash bonds over CDS, says JP Morgan
4 years ago
Going long European CLO triple A paper remains one of JP Morgan strategists’ favourite trades following the European Central Bank stimulus announcement last week, despite these tranches having rallied 14bp on average since the bank first backed them. They also predict cash credit to outperform CDS -
Buy iTraxx Europe equity tranche risk but sell Crossover mezz, says JP Morgan
4 years 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 -
Index tranches and Sub Fin basket among top picks after ECB meeting, says JP Morgan
4 years ago
The European Central Bank’s statement that rate cuts will likely be paired with tiered deposit rates suggests a boost for the iTraxx Sub Financials index, as well as tier two and additional tier one bank bonds, says JP Morgan in latest credit research. The bank also advocates selling iTraxx Europe 0-3% tranches delta hedged -
ResponsAbility closes impact securitisation at $175 million
4 years ago
ResponsAbility, a Zurich-headquartered impact assessment manager, has closed a $175 million securitisation of loans to microfinance and SME-finance providers in emerging markets -
Arrival of five-year bespokes draws in CLO investors
4 years ago
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019. -
Bespoke gains pull CLO buyers as market tipped to hit $100bn
4 years ago
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists -
Tabula launches ETF to capture iTraxx Crossover and CDX HY volatility premia
4 years ago
Tabula Investment Management, a European fixed income exchange traded fund (ETF) provider, has launched a product aimed at capturing the volatility premium embedded in index options on iTraxx Crossover and its US counterpart CDX HY -
BlackRock unveils ESG-focused emerging market debt suite
5 years ago
BlackRock has launched a series of emerging market debt funds that will have an environmental,social and governance (ESG) focus -
LCH expands into US with CDSClear as JP Morgan goes live
5 years ago
CDSClear, the Paris-based credit default swap clearing house of LCH, has expanded its reach into the US with JP Morgan becoming the first US bank to offer client clearing -
Global head of credit correlation leaves JP Morgan to launch new hedge fund
5 years ago
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund -
JP Morgan keeps up synthetic CDO momentum
5 years ago
Sources say that JP Morgan priced a $500 million synthetic CDO last month, underlining its position as one of the key deal arrangers in this market -
BNY Mellon taps former JP Morgan director for structured products role
5 years ago
BNY Mellon has hired London-based Elizabeth Grier as director and sales executive focusing on hedge fund, ETF and structured products -
JP Morgan AM launches new multi-asset investment trust
6 years ago
A manager's best mate is its fund: JP Morgan AM launches Multi-Asset Trust (Mate) -
Former Claren Road professionals raise more than $274 million for credit fund
6 years ago
New York based Duane Park Credit Management has raised more than $274 million for its credit fund since launching in 2016, regulatory filings indicate -
That's a first: Oxford University prices 100-year bond
6 years ago
The debt, which has a Aaa rating by Moody’s, will not reach maturity until 8 December 2117 – giving it the longest duration of any UK higher education bond in history -
Oxford University turns to the debt market with plans for a 100-year bond
6 years ago
Oxford has hired US investment bank JP Morgan to arrange investor meetings this week in London and Edinburgh about the bond, which has collected an Aaa rating by Moody's
Want all the latest news, comment, analysis and data?