Credit – Page 3
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NewsSchroders centralises private debt, credit alternatives strategies in new unit
Newly-formed Private Debt and Credit Alternatives (PDCA) business will initially oversee $30bn in assets under management
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NewsFrance’s ERAFP chooses credit managers for €8bn in new mandates
Amundi, Ostrum and HSBC bag active mandates
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NewsAkademikerPension sees positive return impact after shedding last oil/gas major
Danish occupational pension fund divests Italy’s Eni, excluding last large upstream oil and gas company in its portfolio
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NewsGerman institutional investors plan higher exposure to alternative credit
Versorgungswerke aim for an alternative investment quota of over 50%
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NewsLD Pensions adjusts portfolio to weather headwinds in later 2023
Manager of Denmark’s Holiday Allowance Fund reveals 2022 strategy of doubling corporate bonds weighting
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NewsRailpen partners with Neuberger Berman in multi-asset credit mandate
It will focus on investment across a broad range of credit sectors covering both the investment grade and non-investment grade spaces
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Asset Class ReportsFixed income & credit – No turning back for alternative credit
Investor demand for alternative lending strategies remains strong as the opportunity set grows
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Asset Class ReportsPortfolio strategy – Fixed income & credit
Factors including rising inflation and interest rates, the war in Ukraine, and the uncertainty surrounding the global economy might have significantly slowed down the growth of an alternative asset class like private debt. But this has not been the case, and while fundraising by private debt managers for 2022 and 2023 might be challenging, investors are making new long-term commitments.
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InterviewsOn the record: Doubling down on debt
Pension funds are focusing on both listed fixed income and private credit
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InterviewsFranklin Templeton’s Jenny Johnson: Finding the way through the noise
When Jenny Johnson arrives, the atmosphere changes. She is composed, smiling and friendly and her boundless energy fills the room.
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NewsVelliv divests BP, TotalEnergies, Shell in climate strategy rethink
Danish pension provider divests DKK3.4bn of upstream oil and gas stocks and bonds
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Asset Class ReportsPortfolio strategy – Fixed income
Last year ushered in a new era for global fixed income and credit markets. It was the worst, in terms of returns, for bond investors in years, but it signalled a regime change. Investors need to be prepared for structurally higher inflation and rates, as well as higher volatility. But for fixed income managers, this is an environment where value is easier to find. Our report looks at this new beginning for fixed income investors, and at how selectivity has become key in the high yield and loan markets.
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NewsAP Pension divests further €42m fossil stocks including TotalEnergies, Shell
Danish pensions firm blacklists further 73 companies after tightening fossil fuel exclusion criteria
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NewsSwedish watchdog grills Alecta, others as US bank losses pile up
NBIM ‘closely monitoring the situation in the market’ after €281m exposure to collapsed banks
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NewsSweden’s AP funds claim ‘major improvements’ in cocoa farming’s child-labour issue
Buffer funds’ Council on Ethics to extend reactive work to cover more asset classes
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NewsIlmarinen switches €17bn listed equities to new climate action benchmark
Finnish pensions insurer has started using the MSCI Climate Action index, which it helped develop
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NewsERAFP awards €1.2bn in SRI credit bond mandates
The scheme has awarded the active mandates to AXA Investment Managers and FundLogic
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Asset Class ReportsAsset class report – Fixed income
Last year was the worst in recent decades for both government bonds and credit, with portfolio returns worse than most professionals have experienced in their careers. But is the tide finally shifting as inflation starts to moderate and terminal policy rates are in sight? In any case, geopolitical risks and inflation are not set to go away, and recession will inevitably take a toll on corporate issuers.
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Asset Class ReportsFixed income: Paradigm shift for investors
Credit is looking more attractive on a risk/reward basis for new investment, but the factors that led to the 2022 volatility have not disappeared
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NewsIlmarinen adds foreign property and corporate bonds to climate goal
Finland’s number two pensions insurer adds new asset types to climate road map published last year
