Credit – Page 4
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News
Norway liquidates crisis bond fund despite resurgence of high rates
Folketrygdfondet announces gradual shutdown of Government Bond Fund, set up in 2020 to help lockdown-hit Norwegian companies
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FeaturesAhead of the curve: Beefing up guardrails as risks rise in private credit
For US and European private credit firms, storm clouds are gathering.The recent rate hikes by the Federal Reserve, European Central Bank (ECB) and the Bank of England (BoE)have numbed activity in the leveraged loan and high-yield spaces.
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Opinion PiecesAustralia: Super funds shift focus to private credit
An ambition of the architects of Australia’s universal superannuation system, when it was set up in 1992, was to create what would become a fifth pillar of the nation’s banking system.
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Opinion PiecesThe biggest test for private credit is upon us
Non-listed asset classes are sometimes touted as the weatherproof investment that can deliver positive returns no matter what, in both strong and weak economic environments.
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News
Folksam stows €276m into private credit for North European firms
Swedish pensions and insurance group picks P Capital Partners’ fifth credit fund for fixed income exposure across the group
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News
PGGM, Alecta sign €2.1bn credit risk sharing deal with German bank
The transaction on a portfolio of corporate loans shifts 20% of default risk to the two pension investors
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News
Top business school proves ESG does not harm corporate bond portfolios
Academic evidence can give comfort to bond investors, says Insight Investment RI chief
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Asset Class ReportsCredit: Inflation and the bond markets
Risks look likely to be building in credit as central banks wreak collateral damage on economies in their bid to tame inflation
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NewsVervoer commits $300m to SDG-focused private credit fund
The ILX strategy will enable the scheme to access a diversified pool of investments across emerging markets
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Asset Class ReportsCredit: Anthropocene fixed income
Former credit portfolio manager Ulf Erlandsson is on a mission to shake up the bond markets’ climate-change credentials
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Asset Class Reports
Credit: EU raises the green bond stakes
The EU is considering making its Green Bond Standard mandatory
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Asset Class ReportsCredit: Investors cautious over Ukraine war
Despite geopolitical tensions, inflation and rising costs, private debt market remains optimistic after a record 2021
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Opinion PiecesNews Notes: Private investing ‘levels up’ playing field
The UK’s recent government white paper – ‘Levelling up the United Kingdom’ – forcefully pushes for private investing. In it, Prime Minister Boris Johnson claims he is determined to “break that link between geography and destiny, so that it makes good business sense for the private sector to invest in areas that have for too long felt left behind”.
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News
Alecta sees current volatility creating good credit opportunities
Swedish pension fund reports 24% return for 2021; thanks rising stock markets, strong property market and own work to find fixed income returns
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NewsMandate roundup: LGPS pool launches alternative credit fund
Plus: Swiss consultant seeks infrastructure manager for pension funds; AP7 picks PPCmetrics
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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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News
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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News
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 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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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).
