Real estate relief boosts high yield but retail rout gathers pace
A mixed week for credit has taken German real estate company Adler back to safer levels while sending two supermarket retailers further into the realms of most risky in the iTraxx Crossover universe

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

Sov yield surge finally weighs on IG fund flows, as credit turns corner
Investment grade credit funds have suffered their first net outflow in several months, as the uptick in rates volatility has finally weighed on appetite in this part of the credit spectrum

Compression trade resumes as reverse rally bites on shorts
This week's relief rally gathered momentum in credit and equity markets on Thursday against a further retreat of government bond yields, even as oil prices hit new highs

Casino's hand improves as credit eases off year's wides
Credit markets have taken a turn for the tighter, with spreads broadly rallying, amid a retreat of oil prices and government bond yields

Vanguard opens subscriptions for core-plus bond fund
Vanguard Core-Plus Bond Fund builds on the firm's original Core Bond fund but with greater exposure to high yield and emerging markets investments

Frosty times for UK retailer as credit hits new wides
Frozen food retailer Iceland is heading into the riskiest reaches of the iTraxx Crossover spread dispersion, where few other constituents tread

Adler rally gains extra LEG as rest of market slips on oil
Few credits have escaped widening pressure in a dour start to the week, but Adler Group has extended its relief rally after agreeing to sell part of its property portfolio

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

US debt talks and German real estate regain composure after damaging wrangles
Adler Group is ending on a firmer footing what has been a rocky week for the German real estate company, as credit heads into the weekend unmoved by developments in the US on raising the country's debt ceiling

"If ESG funds only talk the talk, it is because investors, legislators and regulators don’t walk the walk"
Whatever an ESG fund means to you, it probably means something different to the next investor

Everyone’s ramping

Fund performance: CLOs lead but variety is the spice of life
.An assortment of funds have made their mark in August as five different strategies make it into our top 10 for the month

Credit hedge funds (October 2021)
Credit hedge fund returns

Ucits at a glance: Angsana recovers from July slump
Just under 75% of Ucits funds made positive returns in August, holding steady from June and July

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

Hedging picks up as dip-buying is weighed against inflation
Inflation and rates will be the central drivers of credit market performance into the end of the year and beyond, investors and strategists agree

Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis   

Credit suffers double punch from treasury and energy surge
Credit markets are nursing their wounds after taking a battering on Wednesday, prompted by a surge in oil prices and spike in government bond yields that add to concerns about rising inflation

Squarepoint takes over from CSAM as it supports star trader's new long-short credit fund
Arini, led by highly regarded former Credit Suisse trader Hamza Lemssouguer, has found support in Squarepoint Capital as it launches its first European credit fund

German real estate co hits new wides as single names catch up with index rout
Adler Real Estate is again one of the biggest movers in the European credit market, as the week comes to a bearish close and October begins with heightened uncertainty

Investors shrug at new Evergrande bond deadline a week on from roll havoc
Chinese real estate giant Evergrande looks unlikely to meet a $45 million bond payment due on Wednesday despite reports it plans to sell a $1.5 billion commercial bank stake. But credit markets are showing very little reaction despite initial default concerns having up-ended CDS index rolls only last week

Healthcare M&A offers diverging prognoses in high yield as market recuperates
Grifols, the Spanish healthcare business, is making a push wider at odds with rallying markets, having brought €2 billion equivalent of bonds to back its acquisition of European plasma player Biotest

Chinese power crunch brings off day for credit as investor optimism dims
Concerns about a China slowdown, Germany's election result, rate hikes and the US government's inability to lift its debt ceiling have contributed to a sharp move wider in credit, as investors attempt to digest a variety of big unknowns

HY set to roll after rocky week scuttles investors
Market participants are holding their breath ahead of the roll of US high yield index CDX HY, after a week of volatility and fund outflows