Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

SocGen promotes credit head in New York
Societe Generale has appointed a 20-year veteran of the bank to head of fixed income for the Americas

"If anything is to be salvaged from the rest of 2022, the economy needs a hero — and quickly"
Something has gotta give as a recession looms in the US. Might it be energy?

CSO equity investors line up deals amid dispersion threat
Synthetic bespoke tranche issuance has hit an impasse in recent months, denting projections for overall 2022 business at the mid-year point. But unlike the covid sell-off of 2020, wider spreads have created a queue of buyers ready to drive deals if condition

Credit hedge funds (July 2022)
Credit hedge fund returns

CLO top stack offers best value versus corp debt after junior tranche rally: Barclays
Having lagged in the recent market recovery, CLO triple A paper looks attractive versus corporate investment grade and the CDX IG credit derivatives index

Credit hedge funds (June 2022)
Credit hedge fund returns

   

Credit hedge funds (May 2022)
Credit hedge fund returns  

Dispersion begets dispersion in mixed bag of fund returns
Idiosyncratic risks are set to rise in credit, with fund managers becoming occupied with tail risks, and that has been seen in a scattered set of March hedge fund returns

JP Morgan splits global head of institutional structuring role as it promotes three
JP Morgan has rejigged part of its credit structuring business with a set of promotions for officials who have covered SRTs, CLOs and CSOs as part of cross-asset roles

German property co hits new wides as investors scrutinise investigation report
The bearish momentum that gripped financial markets on Friday has spilled over the weekend into Monday's session, with an especially big move in the debt of one German real estate borrower taking it to worrisome spread levels

Credit hedge funds (April 2022)
Credit hedge fund returns

Credit investors eye synthetic tranches as dispersion rises
Dispersion is increasingly important to the credit market — and it is incentivising some CLO investors to add synthetic products to their toolkits

Credit indices show central bank-led swing potential
Macro credit trading in March was overwhelmingly about the consequences of Russia’s invasion of Ukraine, but the pendulum is swinging back to central bank policy

That’s another fine mezz I’d like to get into
Structural protection and flatter curves make short-dated mezz tranches attractive. Speakers at Credit Dimensions discuss which positions they’d take in CSOs, options and tranches this year

GoldenTree sprouts up in North Carolina
GoldenTree Asset Management has opened a new office in Charlotte

Fund manager brings in Citi's global head of credit derivatives strategy
An experienced strategist noted for his work in CDS, indices, tranches and options has taken his first buy-side role

Blackstone lands big name as bank's synthetic structured credit talisman joins buyside
Blackstone has hired a well known figure from the synthetic structured credit market, with a prominent name in CSOs joining the firm after 18 years working on the sell-side 

MKP partner joins Orchard in new global distribution role
Orchard Global Asset Management has hired an experienced figure from MKP Capital in the newly created role of global head of distribution and investor relations

High stakes promise big year for new short-dated CSOs
The bespoke tranche market looks set to put in revitalised issuance numbers in 2022 as interest grows in structured assets. But a clear trend is emerging for investors to assume short-dated exposure amid increasing macro and geopolitical uncertainty

Credit hedge funds (March 2022)
Credit hedge fund returns

"Pivot points in curves may not stay where they have been historically"
CTAs and CSOs are changing the way credit curves move  

Women in CLOs, CLO Summit and Credit Dimensions to return to New York in March
Creditflux has announced our three New York events will now take place at the end of March. We will host Women in CLOs on 28 March, followed by the CLO Investor Summit on 29 March and Credit Dimensions, our event for the synthetic structured credit community, on 31 March