Monarch Sees Bigger Hazard Than Fraud
Corporate collapse and allegations of fraud hog the headlines, but a slumping US economy is much more troubling for debt markets, according to Monarch Alternative Capital. “There are large portions of...
23 Okt 202545min
Ares Says Private Lenders Are Better Placed Than Public to Avoid Pain
Private credit is better placed than public to avoid blowups being seen in liquid debt, according to Ares Management Corp. “The level and amount of work you can do from a diligence standpoint is drama...
16 Okt 202548min
Aegon Is Worried About Junk-Debt Blowups
More highly indebted companies will slip into distress as the US economy slows and earnings suffer, according to Aegon Asset Management. “I am bracing for a little more trouble ahead,” Jim Schaeffer, ...
9 Okt 202551min
CLOs Are Tough to Blow Up, Crescent Says
Collateralized loan obligations, particularly those backed by middle-market borrowers, are a growing opportunity for investors, according to Crescent Capital Group. “You have to work really hard to bl...
2 Okt 202544min
BlackRock Says CLOs Are Among Best Relative Value Picks in Credit
There’s opportunity in collateralized loan obligations, according to BlackRock, the world’s largest money manager. “CLO tranches are probably one of the best relative value picks within the credit mar...
25 Sep 202543min
Blackstone Says Private Credit Pays a Lot Better Than Liquid Debt Markets
Razor-thin debt spreads underpin the global investor push into private markets, which can pay significantly more, according to Blackstone. “We see excess spread in private credit,” Michael Zawadzki, c...
18 Sep 202544min
US Law Firm Gibson Dunn Is Chasing a Big Distressed Debt Opportunity in Europe
Distressed debt exchanges in the form of liability-management exercises are set to take off in Europe, according to Gibson Dunn, the US-based law firm. “You’re getting the same lawyers and bankers hir...
11 Sep 202544min
RBC BlueBay Says Public Credit is ‘Far Superior’ to Private Debt
Traded corporate debt is much more attractive than private credit, according to RBC BlueBay Asset Management. “Public credit is far superior,” Tom Moulds, senior portfolio manager for investment-grade...
4 Sep 202546min
