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State of the US Loan Market 3Q23 - Xtract Special Report
10 months ago
The US leveraged loan market continued to languish in 3Q23, but the average covenant score for large Sponsor loans bounced back somewhat from its precipitous decline in 2Q23 according to this special report -
Carlyle strikes agreement to manage $112m listed fund and shift strategy to CLOs
1 year ago
Vertical Capital Income Fund has struck an agreement for Carlyle Group to take over as investment advisor in a move which will result in the New York Stock Exchange-listed fund shifting focus towards CLO debt and equity investments. -
Market rides out China-US fray with oil, rates and jobs back in focus
2 years ago
US and European credit markets are exhibiting a firmer tone on Wednesday, with investor focus having shifted from Taiwan concerns to Opec+ oil supply. But a looming Bank of England rate hike and US jobs data mean caution remains the watchword -
Russia and retail put stop to credit rally with big spread reversal
2 years ago
Russia’s move to cut gas supplies once again to Europe, as well as a Walmart profit warning in the US, are weighing heavily on markets Tuesday and sending credit spreads sharply wider -
Skew opens up as indices pivot following broad sell off
2 years ago
The opening of the US session on Thursday has brought a firmer tone, after European and Asian markets extended their weak run. But the reversal in index direction has left single name credits still sitting at much wider spreads -
Energy firms underperform in credit sell off as oil prices slump
2 years ago
Investment grade credit is the underperformer on Wednesday as the market pivots wider amid negative economic signals and ahead of US Federal Reserve chair Jerome Powell’s appearance before Congress -
CSAM regains best manager throne
2 years ago
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around -
Rising stars vie with swooping hawks as Fed deliberates
3 years ago
Rising star companies moving from high yield to investment grade could be a valuable source of returns for credit investors in coming months, say sources -
US pension terminates three credit mandates due to 'underperformance' and relative value
3 years ago
The New Mexico pension terminated one multi-asset credit mandate and two bank loan mandates -
Toronto-based Whitehorse Liquidity hits $4 billion hard cap on liquidity solutions fund
3 years ago
Whitehorse Liquidity Partners Fund IV provides liquidity solutions to private equity-style fund investors and managers -
Italian banks widen sharply as risk-on drive falters
3 years ago
Italian banks are among Wednesday's underperformers as single name credits play catch up with a shift wider in indices, amid signs the recent bull run is petering out -
LP round up: Arcmont, Ares and Sixth Street win European direct lending mandates
3 years ago
Investors have allocated around $2 billion to credit funds in recent weeks, according to board documentation seen by Creditflux. Among those to recieve allocations include ADM, Arcmont, Ares, Audax, Bain, Centerbridge, Clearlake, Goldman Sachs merchant banking, Invesco, Monarch, Oaktree, Raven, Sixth Street and Sound Mark -
Compression plays out as HY and European CLO double Bs outperform
3 years ago
Investment grade and high yield credit spreads have tightened in sync with each other this week, but CDS and CLOs alike underline that the big theme over the past month has been compression between investment grade and high yield -
Single name shorters get improved entry point after conviction test
3 years ago
Returning market optimism has taken credit spreads back to ultra-tight levels. But for bears, this posits a better entry level for short trades, and the recent blow-out may have given strong pointers where to target them -
UK government approves covid-19 loan scheme for larger businesses
4 years ago
The UK government announced a new covid-19 loan scheme on Friday to support larger firms with annual turnover of up to £500 million -
European loan trading: CLO managers snack on Ifco loans
5 years ago
35 CLO managers were holding €364.2 million €364.2 million of IFCO’s loans in April – all at par -
Manager plays its cards right as top-performing hedge fund grows in size
6 years ago
A US credit hedge fund manager has grown the size of its credit vehicle amid a strong first half of the year -
Man Group's assets surge 3% in first quarter as the hedge fund hits $112.7 billion
6 years ago
Man Group, the world’s largest listed hedge fund, has reported a 3% rise in total assets in first quarter 2018 despite a weaker market for equities and momentum strategies -
US pension cuts BlueBay emerging market fund despite strong 2017 returns
6 years ago
The State Universities Retirement System of Illinois has terminated BlueBay Asset Management as an emerging market debt manager -
M&G Investments hires Credit Suisse securitised product finance head
7 years ago
London-based M&G Investments hires well known structured credit specialist Vaibhav Piplapure for investment role including SME loans -
British Business Bank launches fund to boost lending in the midlands
7 years ago
The British Business Bank's newly announced £120 million fund ($155 million) represents the first part of a wider £250 million commitment -
Sharp CDS moves show that it’s a hard knock life trading Lindorff
7 years ago
CDS investors had expected Lindorff's CDS to be orphaned and that may looks like being the case, but there has been some drama this week -
Canadian pension fund opens US office for push into global credit
8 years ago
One of Canada's largest pension funds has opened an office in New York from which it will focus on credit investments -
Hedge against Greece in the options market, says SocGen research
9 years ago
Societe Generale research suggests shifting into US credit, but using options to hedge against weakness -
Lloyds cocos fall ahead of Bank of England announcement
The results of the Bank of England's UK bank stess tests could strip Lloyds Bank's cocos of their regulatory capital status, note BNP Paribas analysts
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