Credit – Page 13
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Special Report
Credit Outlook: Selective opportunities
Investors are re-examining credit fundamentals following the strong market gyrations of early 2016. But, as Joseph Mariathasan finds, there are still concerns about spread levels, liquidity and on-going concerns about the macroeconomic environment
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Special Report
SME Lending: Transmission revamp
SME lending is a crucial element in any developed economy. We assess the opportunities and risks for European institutional investors
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News
Strathclyde awards £750m in mandates with 'enhanced yield' strategy
Pension fund to double allocation to short-term enhanced yield strategies
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News
Greater Manchester hires managers for £750m credit framework
Fund appoints three managers outside current suite of six external managers to framework
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NewsFRR awards 11 active corporate bond mandates [updated]
Total indicative size is €8.5bn, split into euros and US dollar mandates
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Asset Class Reports
Liquidity: Cloud with a silver lining
Lower liquidity in fixed income markets, including investment grade, gives rise to opportunities as well as risks
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Asset Class ReportsInvestment Grade Credit: A fork in the track
Divergent monetary policy is driving investment-grade bond strategies, with greater opportunity in the US market than in Europe
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Features
Alternative Credit: Portfolio role for alternative credit
Alternative credit provides a breadth of diversity that can help investors create better risk-adjusted portfolios for outperformance in a tough market, writes Nimisha Srivastava
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Features
US Illiquid Credit: Bankers by default
Structural changes in banking, regulation and low interest rates are transforming the illiquid loans market
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Special Report
European Credit: Quality please
Lynn Strongin Dodds finds managers cautiously selective on European credit in the face of wider turmoil and a sluggish outlook
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News
Concern over pension-fund shadow banks 'exaggerated', PIMCO says
Institutional investors have little in common with unregulated banks, asset manager says
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News
PNO Media puts investments in infrastructure, microfinance on hold
Dutch sector-wide fund for media reconsiders investments after assessment of returns versus risks and costs
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News
Royal London wins £250m credit mandate from South Yorkshire scheme
Mercer-led search yields 33 offers
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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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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: Bond & Loan Convergence
Investors’ continued search for performance has changed the dynamics of the European 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: 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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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: Financial Sector High Yield
Since the financial crisis the high-yield universe has been flooded with bank debt, thanks to downgrades and increasing subordinated issuance
