Credit – Page 13
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Special Report
Credit: Standardising European Private Placements
One way to bring investors to the projects that are willing to pay sufficient yields might be a pan-European private placement market
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Special Report
Credit: Private Placements in Germany
Germany has one of the longest established private placement markets in Europe, but bank lending is still dominating the finance arena
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Special Report
Credit: Debt Markets & Private Equity
With non-bank lending on the rise in Europe but significant barriers to entry into the business, the mid-market private equity industry might be ready to take up some of the slack
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Special Report
Credit: Direct Lending Spreads
The search for yield has sucked significant institutional capital into European direct-lending markets
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Special Report
Credit: Shipping Debt
Despite a background that might suggest a ready supply of bargains, shipping debt and the banks that have written it have come through recent years in remarkably good shape
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Special Report
Credit: Dutch mortgage market thrives as investors pour in
Assets held in Dutch mortgage funds grew by a staggering 81% or €3bn during 2014
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Features
Focus Group: Cooler on credit
Six in 10 respondents to this month’s Focus Group think that credit has become more important in their fund’s portfolio over the past five years
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Special Report
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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Special Report
Bondholder engagement: No pain, no gain
Investor protection is loosening significantly in high-yield markets
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Special Report
Credit: Bond & Loan Convergence
Investors’ continued search for performance has changed the dynamics of the European high-yield market
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Special Report
Assessing pension fund capital risk
Pension fund appetite for direct participation in infrastructure debt continues to grow. Yet, this brings increased risk to assess
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Special Report
Credit: Corporate Activity & Debt Supply
The market has been suffering a shortage of loan supply, and even a pick-up in M&A and LBO activity might not be enough to reverse it
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News
Lancashire fund makes 53 appointments to investment framework
Local government scheme appoints consultants to advise on asset classes, governance
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News
Strathclyde slashes equities in shift to ‘enhanced yield’ strategies
UK’s largest LGPS moves away from 70% equity allocation to absolute return, hedge funds and debt
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News
Mandate roundup: Dorset County, Wiltshire Pension Fund, Loomis Sayles
Dorset pension fund targets two managers for £480m in global active, smart-beta equity strategies
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News
LPFA selects four managers ahead of £150m alternative credit push
London local authority fund selects four managers for national framework agreement
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News
ERAFP selects three managers for €2.5bn of credit mandates
French civil service scheme appoints managers to implement ‘buy-and-hold’ strategy
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News
Resurgent banking market sees Irish SWF shift to junior debt, equity funding
Post-crisis funding gap replaced by ‘wall of liquidity’ coming from bank debt back into Ireland
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Asset Class Reports
Investing In Investment Grade Credit: A widening spread
Joseph Mariathasan finds that the divergence of USD and EUR corporate bond performance tells us a lot about how badly Europe’s economy is lagging that of the US
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Asset Class Reports
Investing In Investment Grade Credit: Problem solving
Forthcoming solvency rules led many insurers away from equities towards corporate bonds just in time to dodge the financial crisis. With yields low and spreads tight, but the Solvency II ghost still at the feast, Joseph Mariathasan looks at what they are doing now
