Posts by THE LEAD
Private Debt Intelligence – 2/27/2017
Private Debt Management Fees Drop to Eight-Year Low
Fund terms within the alternative assets industry have been of particular focus over the last few years as investors have largely united to push managers for greater transparency and improved alignment of interest.
Within the private debt industry, this approach appears to be paying dividends with the average management fee reaching an eight-year low for 2016 vintage funds which charge a mean fee of 1.63%…
Read MoreRelative Value
The attractiveness of the middle-market loan asset class is highlighted by its consistent premium over traditional high yield bonds.
Read MoreLoan Stats at a Glance – 2/27/2017
Contact: Blake Udland Blake.Udland@spglobal.com
Read MoreMarkit Recap – 2/20/2017
The political polling industry is suffering a crisis of credibility after failing to predict Brexit and Donald Trump’s victory in the US presidential election. A thorough overhaul of its methods is surely needed.
But in a world where political risk is more potent than ever, investors have little else to go on, and polls still have the potential to trigger considerable market volatility. A prime example this week was France, where polls showed far-right – and anti-euro – candidate Marine le Pen increasing her lead in the first-round presidential vote. The reaction in the credit markets was significant – French sovereign CDS widened from 56bps to 68bps in the space of three days, and is now over 40bps wider than levels reached in the post-Brexit aftermath of September 2016…
Read MoreBrexit Shmexit
According to Preqin, low interest rates is top factor affecting credit portfolios, with central banks and the US economy next.
Read More2017 – A Look Ahead (Last of a Series)
In this special series on the outlook for leveraged lending for the year, we’ve looked at what our readers can…
Read MoreStat of the Week: Number of Shareholder Activism Campaigns Internationally
Select Deals in the Market – 2/20/2017
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Read MoreLead Left Interview – Stephanie Link
This week we chat with Stephanie Link. Stephanie is a managing director and equity portfolio manager for TIAA Global Asset…
Read MorePrivate Debt Intelligence – 2/20/2017
Credit Strategies Start 2017 with Positive Performance in January
Preqin research finds that credit strategies have maintained their positive performance from 2016, with a strong start to the year through January 2017, as investor and fund manager confidence in the strategy grows.
Credit strategies were the second best performing leading hedge fund strategy last year with annual returns of 8.50%, well outstripping the Preqin All-Strategies Hedge Fund benchmark (7.40%)…
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