Loans will be winners in bearish year for credit: BNP Paribas
Floating rate loans are best positioned for a year of widening credit spreads, but high yield bonds will outperform investment grade and EM credit is set for losses, says BNP Paribas in its 2022 outlook

Citi's former correlation trading star takes on new risk head role
Citi's former head of credit correlation trading has taken on a new role in the bank, becoming head of in-business market risk for global markets

Credit Rendezvous: Credit spins full circle
The third quarter was massive in terms of volumes with CLOs, high yield, leverage loans and private equity registering record issuance. But credit spreads were up and down as inflation fears, crackdowns in China and rising coronavirus cases became catalysts for risk-off sentiment in July and September

KKR announces new co-CEOs as Kravis and Roberts step down
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts

"I’m passionate about broader representation within investment teams"
CIP's Leila Donnachy takes our credit quiz 

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Credit hedge funds (August 2021)
Credit hedge fund returns

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

They said it: "A lot of value was lost due to CLO window dressing"
"A lot of value was lost due to CLO window dressing"

Credit hedge funds (July 2021)
Credit hedge fund returns

Credit hedge funds (June 2021)
Credit hedge fund returns

CLO fund comes top by distance in middling month for credit
A CIS Asset Management fund, which invests mainly in US CLO equity, was the star performer in March after gaining 7.36% in the month

Credit hedge funds (May 2021)
Credit hedge fund returns

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Credit hedge funds (April 2021)
Monthly credit hedge fund tables

Credit funds at a glance (March 2021)
A round-up of fundraising and people moves

Credit hedge funds (March 2021)
Monthly credit hedge fund tables

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

Goldman prints infrastructure debt-backed CLO for London and Seoul-based firms
Goldman Sachs has issued a $233.3 million CLO designed to finance infrastructure projects. The deal, named Sequoia Infrastructure Funding I, names London-based Sequoia Investment Management Company as investment advisor and Seoul-headquarterd Shinhan Alternative Investment Management as collateral manager

Credit funds at a glance (February 2021)
A round-up of fundraising and people moves

Credit hedge funds (February 2021)
Monthly credit hedge fund tables

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

Credit funds at a glance (January 2021)
A round-up of fundraising and people moves