Bull Run in Loans Slams CLO Equity Buyers, Says Eagle Point’s Majewski
Collateralized loan obligations face a second straight year of equity losses, according to Eagle Point Credit Management, a major buyer. “Where we stand right now, it’s certainly possible,” Tom Majews...
16 Jul 47min
Sona’s CEO Sees ‘Exciting’ Growth in Asset-Based Finance, SRTs
Sona Asset Management is looking to expand its business in asset-based finance and significant risk transfers as public and private debt markets converge. “The thing that excites us the most is the sc...
9 Jul 45min
SpaceX Bondholders Face Huge Key Person Risk on Their Elon Musk Trip
SpaceX bondholders are bolstered by a fat equity cushion, high-grade ratings and a relatively small amount of debt outstanding — but they depend on founder Elon Musk, according to Bloomberg Intelligen...
1 Jul 35min
Europe's Largest Asset Manager Warns of AI Debt Deluge Crowding Out
Further acceleration in AI debt issuance has the potential to steer demand away from government bonds, according to Amundi, Europe’s largest asset manager. “At some point it could have a crowding effe...
25 Jun 49min
Real Estate Is Next Bet for Debt Investors Avoiding Private Credit
Private credit disarray spells opportunity for housing giant Pretium, which targets high returns by lending to US homebuilders. “Our private credit looks a little bit different than other private cred...
18 Jun 45min
Oaktree Says Boring is Beautiful In Dicey Private Credit Market
Private lenders are going back to basics as debt trouble spreads, market participants tell Bloomberg News’ James Crombie in this special episode of the Credit Edge podcast. “Boring is beautiful, borin...
11 Jun 56min
Goldman Sachs Sees ‘Uncomfortable Tension’ in Credit Markets
Robust demand from pensions and insurance companies will support corporate debt through macroeconomic headwinds and record supply, according to Goldman Sachs. “Spreads are tight to the prewar levels w...
4 Jun 46min
Veteran ABS Investor Sees ‘Max Uncertainty With Max Complacency’
Bad software loans will cause credit-market trouble that recalls aspects of the global financial crisis, according to American Century Investments. “We call it max uncertainty with max complacency,” s...
28 Mai 54min
