Credit – Page 4
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NewsAkademikerPension dumps €269m fossil-fuel corporate bonds
CIO sees tendency that fossil fuel bonds, like fossil fuel shares, are starting to price in stranded-asset risks
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APG invests $750m in new SDG-focused EM private credit fund
The money will be invested in loans originated and structured by international development banks, with a focus on financing sustainable projects
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PFA admits losing €400m on loan to troubled Irish aircraft lessor
NAC announced it is to file for US Chapter 11 bankruptcy after struggling amid pandemic
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Asset Class ReportsUS banks lead a boom in debt issuance
Capital requirements and locking in cheap funding have prompted banks to issue more bonds, but Europe lags behind
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FeaturesStrategically speaking – AlbaCore Capital: Alternative credit with pension fund roots
AlbaCore Capital, a Europe-based alternative credit specialist with North American roots, is a fairly rare example of an asset management company that was spun off from a pension fund. David Allen, founder and CIO, established the company in 2016, with a team of European alternative credit specialists that he led from within the $542bn (€366bn) Canada Pension Plan Investment Board (CPPIB).
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Asset Class ReportsABS stages a comeback
‘Punitive’ regulations and onerous policies in the wake of the financial crisis saw the ABS market shrink dramatically. But complexity and an illiquidity premium offer opportunities for pension funds
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Detailhandel launches SDG benchmark for credit portfolio
The Dutch scheme for the retail industry is focusing its credit investments on four SDGs
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NewsMandate roundup: FRR awards corporate bond mandates
Plus: Border to Coast launches £3.7bn multi-asset credit fund
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Asset Class ReportsThe next frontier for private credit
Global managers are making a strong case for investment in private credit issued by emerging market companies
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FeaturesAhead of the curve: The future of quant credit
The past several decades have seen quantitative strategies established as an important feature of global equity markets. In 2019, less than one quarter of the more than $30trn (€25trn) of US equities was held by human-managed funds.
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NewsAsset management roundup: Cheyne Strategic Value Credit raises €1bn
Plus: Managers partner to accelerate development of Iceberg Data Lab
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NewsSwiss scheme seeks adviser for multi-manager allocation of $500-800m
Plus: UK Tate Galleries seeks DC pensions provider
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FeaturesESG & private markets: Crying out for standards
Growing awareness of ESG is fuelling pressure for definitive metrics to assess company performance
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Asset Class ReportsPortfolio strategy – Credit report
As the institutional investment community heads towards a post-COVID new normal, private credit remains a favourite among investors despite inflationary headwinds. In this report, we also cover the record amounts of capital raised by private-debt funds last year, the latest developments ESG in private markets, and how the digital transformation accelerated by COVID is impacting private debt.
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FeaturesPrivate credit: Floating to safety
Despite inflationary headwinds, the outlook for private credit remains strong
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FeaturesPrivate credit fundraising: A record year for private-debt funds
Record amounts of capital were raised by private-debt funds in 2020 but the outlook may be less strong in the short term
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FeaturesDigital transformation: Take advantage of the digital reset
Covid has accelerated the digital transformation across all industries. How has it contributed to new trends and opportunities in private debt and how can investors benefit?
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NewsVarma invests €230m in new SSGA climate corporate bond trackers
Finnish pension insurer acts as seed investor in two of State Street’s new climate-tilted index funds
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FeaturesStrategically speaking: Hayfin – no hayseed
Europe’s abortive football super league didn’t collapse from want of loan capital this April. It collapsed, instead, because of a catastrophic lack of cultural fit with the ethos of the sport.
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Features
Briefing: Credit-risk niche gains interest
In a world of prolonged low interest rates, institutional investors are scouring different pockets of the investment landscape to generate additional returns. One area is capital regulatory transactions, which are far from new but are being put under the microscope for their potential as part of an alternative credit portfolio. However, these transactions can be more complex than other alternative credit asset classes and require specialist expertise, skills and understanding.
