Credit
Credit: Signs of exuberance
03 Jun 2013
More high yield, more security, more hybrids. Joseph Mariathasan surveys the changing European credit markets and asks, are they changing for better or worse?
Credit: When the well goes dry
03 Jun 2013
As market markers retreat, Joseph Mariathasan notes that bond portfolio managers are holding more cash, using more derivatives, focusing on primary issues – and preparing for liquidity to get even...
Credit: Where credit is due
03 Jun 2013
Joseph Mariathasan finds there is more to credit hedge funds than an inflated fee structure
Credit: Smuggling in some spread
03 Jun 2013
Martin Steward finds risk-averse managers picking up spread from asset-backed bonds, subordinated financials and ‘rising-star’ high-yield issuers
Credit: The cleanest dirty shirt
02 Apr 2012
Non-financial corporate credit is perfectly poised for the macro environment, but spreads are tight – and other areas of the credit spectrum present considerable risks. Joseph Mariathasan reports
Credit: Balancing out the banks
02 Apr 2012
Martin Steward finds corporate bond managers tip-toeing carefully around banks’ capital structures to limit their underweights – and ramping up other sources of risk to compensate
Credit: What’s in a name?
02 Apr 2012
Confusing terminology aside, ‘short-duration high-yield’ looks like a compelling opportunity for low-volatility yield pick-up. Martin Steward assesses the risks, and underlines the importance of...
Credit: Coupons and principles
02 Apr 2012
While corporates increasingly have to turn to capital markets for funding, now is the time for investors to push their ESG requirements, writes Joshua Hughes
Credit: A topsy-turvy world
01 Apr 2011
The financial crisis has re-arranged the contours of credit risk, writes Joseph Mariathasan. Deciding what represents low risk is the greatest challenge
Credit: Different dimensions of style
01 Apr 2011
Joseph Mariathasan reports on a new set of indices that add a defensive/dynamic dimension alongside market cap and value/growth
A new taxonomy
25 Mar 2009
Market dislocation and unpredictable government interventions have re-ordered the natural environment of credit. Joseph Mariathasan asks if the old taxonomies are still fit for purpose
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