LevFin Insights: High-Yield Bond Statistics – 11/26/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Direct lending is popular – and thus bucks the trend A new survey shows the strategy retaining a strong level of demand, while other areas of private debt lose their allure. They still can’t get enough. Ever since the global financial crisis, the theme of direct lending has gathered pace – and also gathered increasing…
Credit Hedge Funds See Negative Returns in October The Preqin All-Strategies Hedge Fund benchmark returned -2.35% in October, as the industry faced a particularly volatile month on equities markets. This was in fact, the lowest monthly performance recorded by the benchmark since January 2016. It takes overall hedge fund performance in 2018 year-to-date into negative…
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
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Opening the books to investors In a survey from sister publication pfm, the number of managers trying “very hard” not to disclose a deficiency uncovered via a routine exam by regulators increased by 7%. Perhaps the only thing worse than a realised credit loss for alternative lenders is when the Securities and Exchange Commission comes…
US M&A loan issuance continues at a healthy pace this quarter At around the halfway point in the quarter, US M&A activity has remained busy. Through November 14, there has been US$71bn in completed leveraged M&A issuance and US$10.6bn in completed non-leveraged M&A issuance…. Subscribe to Read MoreAlready a member? Log in here...