Credit: A change in dynamics
Remember covenant-lite loans? By 2009, risk-averse investors exercised huge influence over issuers and were able to obtain high levels of protection in the high-yield market
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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