Markit Recap – 10/17/2016

By THE LEAD | October 20, 2016

There are no shortage of factors that have troubled market participants this year: Brexit; US monetary policy direction; fragility in European banks; oil prices. All of these issues, and others, have caused credit spreads to widen at various intervals in 2016.

But the last few weeks have seen calmness return to the credit markets. The VolX Europe, which shows the realised volatility in the Markit iTraxx Europe index, hit 26.4% this week, which is the lowest level for almost two
years…

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Flipped Flows

By THE LEAD | October 19, 2016

Driven by a benign credit environment and favorable relative value dynamics, $2.5 billion has flowed into retail loan funds.

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Dollars and Scents

By THE LEAD | October 19, 2016

News reached us over the weekend of a new trend in baseball. Apparently several Chicago Cubs relievers are applying copious…

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Private Debt Intelligence – 10/17/2016

By THE LEAD | October 18, 2016

Private Debt: Funds in Market

Preqin’s quarterly update on the private debt industry finds that as of the beginning of Q4 2016, there are 304 funds in market targeting an aggregate $147bn globally. With few funds closing through the year to date, the marketplace has grown considerably since mid-year; there are 50 more vehicles on the road seeking an extra $6bn of investor commitments compared to the start of Q3.

Direct lending, once again, represents the largest proportion of private debt funds on the road, both by number (38%) and aggregate capital targeted (39%)…

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