Latest Special Reports – Page 70
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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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Credit: Direct Lending Spreads
The search for yield has sucked significant institutional capital into European direct-lending markets
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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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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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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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Bondholder engagement: No pain, no gain
Investor protection is loosening significantly in high-yield markets
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Special ReportHybrid Securities: Financial duck-rabbits
Recently someone from the Outer Hebrides posted online a photo of a dress, the colour of which had apparently caused endless debate among family and friends
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Hybrid securities revolution is here to stay
In just three years corporate and financial hybrid securities have become a major new feature of the fixed-income landscape
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Investors warm up to bank contingent convertible bonds
Investors have grown in confidence with bank contingent convertible bonds as their confidence in bank stability has risen
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Non-financial hybrid securities: Fixed-income exotica
Hybrids have taken off because they marry the current needs of both issuers and fixed-income investors. David Turner looks at how this sweet deal could go sour
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Special Report
'CoCos': bondholder's friends or foes?
There are complexities associated with banks’ contingent convertibles, or ’CoCos’, but this, combined with a more resilient, less systemically-linked industry, is a source of value
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Special Report
Convertible bond valuations remain attractive
Subdued volatility has taken the options within convertible bonds down to very attractive valuations
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Special Report
Convertible bond performance: Best of both worlds
The hybrid characteristics of convertible securities provide strategic benefits through economic cycles
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Special Report
Convertibles and Solvency II: Preaching to the unconverted
Joseph Mariathasan asks whether convertible bonds might offer Solvency II-regulated investors some equity upside with a limited capital charge
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Special Report
Convertibles and Solvency II: Commentary
Nicolas Delrue argues that mixing convertible bonds with equities preserves equity upside exposure with lower downside risk
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Special Report
GDP-linked sovereign bonds: Would investors buy them?
Some emerging markets have experimented with GDP-linked sovereign borrowing, and the Greek finance minister is the latest to discuss the idea. We ask whether investors would buy it
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Special Report
Convertible bonds: key lessons from 150 years of issuance
Beat Thoma outlines some of the key lessons from 150 years of convertible bond issuance
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Special Report
Consultants and pension funds: When disagreements arise
Legal disputes between pension funds and their advisers are surprisingly rare – but, as Sally Ling discovers, this does not mean disagreements never arise
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Special ReportSmart beta: equities and beyond
As soon as one starts edging out of traditional asset classes, identifying market beta – let alone the ‘smart’ version –becomes more and more difficult
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Special ReportSmart beta performance: Proving their worth
Real-market performance of three of the leading equity smart beta strategies shows these approaches have something worthwhile to offer
