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Geography Tags
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Private credit is the regulatory fix that became an asset class
1 month ago
Institutional investors have pushed private credit to greater scale than either loans or bonds -
As banks are forced to offload more risk, SRTs build an increasingly long list of advantages
2 months ago
Banks — even global systemically important banks — need additional capital. Problem CRE exposures, increased reserve requirements for expected credit losses under IFRS9/CECL, the entrance of government bond portfolio losses... -
Nordic countries have much in common — including a growing appetite for private credit
6 months ago
Norway, Sweden and Denmark share many similarities. The ‘Nordic model’ includes high standards of living, free-market economies, liberal welfare states, a tendency for workers to unionise, and a relatively narrow gap between low and high earners. -
Basel III looks likely to further increase banks investment in CLO triple As
8 months ago
Demand for CLO triple As has grown substantially over the past few years as more banking institutions, pension funds, asset managers and insurance companies discover this attractive asset class, which historically has never taken a loss. -
Borrowers are finding creative ways to address loan maturities
10 months ago
Amend and extends have been the loan market’s flavour of the year. At the same time, many CLO reinvestment periods are reaching their end because the reset market is virtually closed. -
Points up front: CLO PM to cheese-maker? You cheddar believe it
1 year ago
Hear the phrase “it’s close to maturity” and CLO investors might be put off by a bond that’s seen better days... -
Past returns: US firms become Euro CLO issuers
1 year ago
Five years ago in Creditflux we reported on CIFC Asset Management and Voya Investment Management harbouring European CLO ambitions as US issuers became accustomed to risk retention. -
Points up front: ESG official rants at ESG
1 year ago
Stuart Kirk, the former head of responsible investing at HSBC Asset Management, signed off on a frank note as he unveiled his resignation on LinkedIn -
CSAM does the CLO awards double
2 years ago
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it -
We’ll get through this awkward patch
2 years ago
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As -
"Wholesale moves into risk areas after internal changes should sound an alarm"
2 years ago
The composition of CLO managers is changing, so management styles may drift -
Flexible approach is designed to deliver competitive performance
Nuveen’s Symphony CLOs benefit from teams who are active across a range of credit and bond funds -
"The loan market is the septic tank for sub-single B LBO financing"
2 years ago
Portfolios of single name IG CDS are less complex and more liquid than CLOs -
"Strong growth is not necessary for good loan or bond performance, but it keeps a recession at bay"
2 years ago
The picture in credit was looking good (even with inflation rising) until Russia invaded Ukraine -
"Some observers believe Europe’s opportunity in private debt lies at the lower end of the middle market"
2 years ago
European private debt has lagged its counterpart in the US. But a growth spurt may not be far off -
"No-one talks about the part oil price surges played in the 2008/9 global financial crisis"
2 years ago
Investors eyeing inflation shocks and supply chain disruption should instead be paying attention to the brewing energy crisis -
Past returns: Insurers weigh CLO barbell trade to fight Solvency II
2 years ago
Five years ago in Creditflux we reported that insurers in Europe were putting on a CLO barbell trade in reaction to Solvency II regulations which came into effect in January 2016 -
Points up front: Definitely not an ex-parrot
2 years ago
One of the biggest credit fund launches last month was Arini, led by star credit trader Hamza Lemssouguer -
The Creditflux CLO Symposium was back as an in-person event for the first time in two years and participants were delighted to socialise and bask in an amazing year for the credit industry2 years ago
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"Purchasing IG CLO debt was a key driver of success for 1.0 CLOs"
2 years ago
Longer reinvestment periods, the ability to buy IG tranches and improved loan settlements would improve CLOs -
"I’m passionate about broader representation within investment teams"
2 years ago
CIP's Leila Donnachy takes our credit quiz -
"The CLO industry can be a little clubby… it feels like there are few advocates"
2 years ago
Pension Danmark's David Altenhofen taks our credit quiz -
“For Creditflux this will be an extra special occasion - the publication is marking its 20th year in business”
2 years ago
A colourful train journey featuring Alice in Wonderland, Yoda and Top Trumps puts Welshcake in mind of the CLO Symposium -
Points up front: Swapping bylines for a role on the buy side
2 years ago
Creditflux has specialised in CLO coverage for over a decade now and generally we’ve had a clear run at the market because few of our peers appreciate how the CLO machine works. The exception to that has been highly-respected Bloomberg journalist Sarah Husband -
Points up front: Tasty vaccine giveaway
2 years ago
Asset manager Vanguard is welcoming employees back to the office by offering a $1,000 bonus to staff who are fully vaccinated by October
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