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Capital Four named new sub manager of high yield bond fund
7 months ago
Danish boutique asset manager Capital Four revealed on Tuesday that it will take over sub-management of the Nordea 1 - International High Yield Bond Fund, as the firm continues to build out its investment capabilities in the US -
Credit Suisse/UBS deal to create $5 trillion asset manager
1 year ago
The emphasis is set be on wealth and asset management, according to a statement released by UBS in conjunction with its move to acquire Credit Suisse -
Allspring hires head of US distribution
1 year ago
Allspring Global Investments has hired John Moninger as head of US distribution in a role encompassing retail and institutional sales, platform development, client service and consultant relations. -
Position cutting tames market rally and strategists warn on primary impact
1 year ago
Caution is the watchword across financial markets on Tuesday, with the strong recent run giving way to hedging and position cutting ahead of a much-anticipated US inflation reading on Wednesday -
IG payers provide best tail-risk hedges: Barclays
1 year ago
Investors seeking the cheapest tail risk hedge should look to CDX IG payers, while iTraxx Europe payers are the best hedge against further European underperformance, finds Barclays -
Euro loans with FX hedging offer better value than US: Barclays
1 year ago
The big underperformance of European loans in June has left them looking cheap versus those in the US – but FX hedging and a nuanced selection process are advisable for investors looking to take advantage of that -
Lazard targets IG, crossover and HY in long/short credit ucits fund
2 years ago
Lazard Asset Management has unveiled a new credit ucits fund that will invest primarily in investment grade, crossover and high yield bonds in Europe and North America -
Deutsche Bank adds credit trading head to US build out
2 years ago
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank -
Eagle Point hires trader for non-CLO assets as it eyes growth in corporate credit
2 years ago
Eagle Point Credit Management is growing its non-CLO business, with the firm hiring a head corporate trader responsible for trading high yield, BDC debt as well as equity, reits and other securities -
LP round-up: $2.6 billion flows into 26 credit managers
3 years ago
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers -
Onex targets high yield bonds after bumper year of US bond issuance
3 years ago
Onex Credit is fundraising for Onex High Yield Bond Fund, according to SEC filings seen by Creditflux -
Former JP Morgan credit correlation head launches $200 million fund
3 years ago
The former head of credit correlation trading at JP Morgan has launched a global credit fund management business with $200 million of assets, according to market sources -
Chesapeake default takes CDS auctions to eight-year high
3 years ago
Chesapeake Energy has been confirmed as the latest CDX HY index constituent to require settlement at auction, after the Americas Determinations Committee ruled it has triggered a bankruptcy credit event -
Chesapeake bankruptcy points to hit for CDS and loan holders
3 years ago
Chesapeake Energy looks set to become the latest in a string of defaults to hit US high yield index CDX HY, after the Oklahoma City headquartered shale producer filed for chapter 11 protection -
Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
3 years ago
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios -
Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
4 years ago
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further). -
Credit traders' kickstand: rolling with the pain, as relative value trades come unstuck
4 years ago
What a difference a month - and a pandemic - make. This time in February, no-one could have imagined a global financial crisis would be unfolding, that credit performance would be a battle between a virus and some of the biggest government and central bank interventions on record, that today's iTraxx Europe and CDX index rolls would traverse unprecedented ranges, that option expiry strikes would be blown beyond recognition, or that cash and CDS differentials would be whipsawing with such violence -
CDS index rolls to proceed on time despite record volatility and lockdowns
4 years ago
This Friday's move into new CDS index series will go ahead as scheduled, administrator IHS Markit has said, having sought advice on whether to postpone the roll date due to coronavirus-led market volatility -
Credit traders’ kickstand: roll nightmares haunt CDS market as indices whiplash
It’s Friday 13th, but CDS traders will be hoping the worst of the horror shows are behind them as they try to regather their shredded nerves in time for next week’s biannual index rolls -
Curve inversion for airlines and freight as Trump travel ban sparks sell-off
4 years ago
Airlines, travel firms and shipping companies are among some of the credits hit hardest by US president Donald Trump’s imposition of a ban on travel from mainland Europe, a move that sent the iTraxx Crossover index back to its widest level since October 2012 -
Credit breakdown as one-day volatility outstrips financial crisis
4 years ago
Credit default swap markets have surpassed the record one-day volatility of the global financial crisis, with indices surging to new wide prints as the spiralling impact of the coronavirus outbreak brings government lockdowns on travel while wreaking havoc on oil prices and supply chains -
Franklin Templeton reorganises long-short credit fund team
4 years ago
Asset manager Franklin Templeton Investments will make changes to the portfolio managers for the Franklin K2 Long Short Credit funds, effective from October -
Ontario pension selects new president and CEO
Ontario Teachers’ Pension Plan has appointed Jo Taylor as its new president and chief executive officer, effective 1 January
4 years ago -
Former Apollo co-head of credit lands at MidOcean as credit CIO
4 years ago
MidOcean Credit Partners has hired Dana Carey as chief investment officer -
Barclays rehires high yield credit trader from Goldman Sachs
4 years ago
A high yield specialist has become the second credit trader in as many months to rejoin Barclays from Goldman Sachs
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