Insolvency - The Netherlands: swift and flexible
Dutch bankruptcy courts can work quickly and are used to cross-border cases

Viewpoint - Consolidation: part II
Stone Tower’s James Galowski believes CDO manager consolidation has only just begun

Managers on the breadline
New business has dried up, deals are in trouble and fees are being slashed. In these hard times, CLO managers face tough choices. Should they quit, expand or stick it out for the long run? Our analysis of industry fee income may help them weigh their options

Credit spotlight - Driven to destruction
Car production in the US and in Europe has plummeted –
and parts makers have been hit hard

Plug in here for cash
Food, shelter and warmth: these basics are essential for human survival. As, it seems, is television. The fact that watching football and re-runs of Friends is not seen as a luxury by most people means that cable companies are weathering the recession better than many others. Many cable operators are increasing their earnings, their credit ratings are generally stable, and some have even seen ratings upgrades.

Spotlight: Yesterday’s news
Spotlight: Yesterday’s news

Managers: Keeping off the leading edge
Managers: Keeping off the leading edge

Crunch time for CLO fees
Crunch time for CLO fees

You don’t have to get sexy anymore to generate yield
You don’t have to get sexy anymore to generate yield

Lifting the lid on CDO performance
Data on cashflow CDO performance is hard to come by – but our analysis of Creditflux par plus ratios shows some intriguing results

Structured credit outperforms as hedge fund returns diverge
There are huge variations among the returns of credit hedge funds in the same sector, but general performance trends are becoming clear

Clearing out counterparty risk
Many in the credit derivatives market argue that a central counterparty will help reduce risk – but dissenting voices are being heard

A good time to pick stocks
John Brewer is head of credit trading at Aladdin Capital and chief investment officer of Aladdin Relative Value Credit Fund. Brewer joined Aladdin’s London-based business in 2006. Two years earlier he co-founded credit investment manager Fusion Asset Management. Before Fusion, he was head of European credit trading at Bank of America.

The age of restructuring
Bespoke volumes continue to fall, with much new CSO activity said to be driven by restructuring of existing trades. But the index tranche business remains in rude health

Keeping faith with loans
The loan veterans at Invesco see light at the end of the tunnel. But they haven't seen markets quite like this

On the correlation tightrope
Long correlation strategies have been giving strong returns – but traders know that a single name default could bring them crashing down

Correlation wins out in 2007
Correlation funds took advantage of difficult conditions in the second half of of 2007

In search of European distress
Most of the new breed of distressed credit funds are targeting mainly US assets. Tikehau sees opportunities closer to home

Tested by the storm
Cairn Capital’s experience in adverse conditions and its broad base of strategies could help it sail through the choppy waters ahead

Looking for the local angle
After a year of double digit growth, investors in emerging markets local currency debt will have to work harder for returns

What is it all worth?
Valuations are never more important than when markets are illiquid. How have credit hedge fund managers coped with a world where dealers are reluctant to provide quotes?

Bringing analytical firepower to complex assets
Bringing analytical firepower to complex assets

Opportunities to get close to a hedge fund
Many a CLO manager wants to be a hot-shot hedge fund manager. Credit opportunity funds offer a way to build a track record

Managed synthetics grow up
Managed synthetics grow up

The market where size matters
Who are the biggest cash CDO managers? It's an important question in a market where size brings advantages