All Credit articles – Page 4
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White papersPrivate Credit Dispersion: Rising Stress, not Systemic Disruption
Rising stress in private credit highlights the importance of differentiation.
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White papersGermany’s Mittelstand at a turning point: the pivotal role of private debt
Germany’s mid-market is in transition, and private debt is playing a pivotal role. Digitalisation, energy, sovereignty and succession: these shifts are reshaping priorities and creating new financing needs.
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White papersTrade Finance case study: Ensuring food security in Egypt
Federated Hermes participated in a US$1.3bn syndicated trade finance facility to support wheat purchases for the Egyptian government – an essential transaction that underpins social stability.
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White papersInnovation at work: building a resilient private market ecosystem
Private markets have entered a phase shaped not only by secular shifts, but also by heightened geopolitical uncertainty and growing scrutiny around risk.
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White papersRethinking resilience in private credit
For much of the past decade, emerging markets (EM) were viewed primarily as a high-beta extension of global growth. Allocators tended to treat the asset class as cyclical exposure, sensitive to dollar strength, commodity swings, and Federal Reserve policy shifts.
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WebinarWebinar replay: How global macro factors and geopolitical events are feeding through to debt markets
Lloyd Harris, Head of Fixed Income at Premier Miton, looks at the key forces shaping debt markets today, from global macro trends to geopolitical developments, and how these influences feed into the team’s strategic investment approach. He also outlines his outlook for the months ahead and highlights where he sees the most compelling opportunities across fixed income.
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White papersNot everything that counts can be counted: Rethinking real estate credit underwriting
Our latest Private Markets Insight explores why traditional metrics like LTV, debt yield and ICR, while useful, can distort true risk when relied on in isolation. Real estate isn’t homogenous, and neither are the risks behind each asset.
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White papersTrade Finance: Unlock uncorrelated alpha potential
Trade finance – short-term loans to facilitate physical cross-border transactions – plays a vital role in facilitating global trade flows. It is estimated that 80% of world trade is dependent on some form of financing. This can be attributed to tighter credit conditions for obtaining alternative sources of capital. In this paper, we outline why more investors are turning towards this asset class as a diversifier in their portfolios.
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PodcastBDCs, AI Disruption, Iran Oil Shock: What Lies Beneath in Credit Markets
Credit index spreads have been largely unchanged this year — but the calm surface belies a more complex picture underneath. Rising dispersion, AI-driven disruption fears, widening BDC spreads, and the military conflict in the Middle East are reshaping the risk landscape for fixed income investors — without much additional compensation showing up at the credit index level.
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White papersEM Local Currency Debt: A Revitalised Opportunity for European Investors
Emerging markets local currency debt is offering some of the most compelling income and diversification characteristics in global fixed income.
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White papersWhy bond investors can’t ignore the AI revolution
AI’s influence on fixed income markets is only just beginning and its eventual effects will become more apparent as time progresses. Even at this point, however, certain things are clear.
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White papersInvestment Implications of the Iran Conflict
Many investors awoke to the news Saturday that the US and Israel had launched attacks on Iran in what President Donald Trump called “major combat operations” to destroy Iran’s military capabilities and eliminate the threat of nuclear weapons production in the country. Iran quickly retaliated against the strikes, which had resulted in the death of Iranian Supreme Leader Ayatollah Ali Khamenei, by launching counterattacks aimed at Israel and US military installations across the region, marking a sharp escalation in Middle East tensions and sending shockwaves through global markets.
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White papersPortfolio Finance: What it is and Why it Matters
Welcome back to Where Credit is Due, a monthly newsletter by Barings recognizing value across the people and portfolios shaping credit markets today.
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White papersUnified Global Alternatives – Hedge Fund Bulletin: January 2026
Global markets delivered broadly positive performance in January, supported by improving risk sentiment amid elevated sector rotation, higher dispersion, the start of the corporate earnings season, and the nomination of the next US Federal Reserve chair.
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White papersCEO letter to investors
We founded Gemcorp just over a decade ago with a simple, but at the time unfashionable, belief: that some of the most compelling risk-adjusted investment opportunities in the world exist not where capital is most abundant, but where it is most scarce.
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White papersEuropean CLOs: 101
European CLOs offer resilient, floating-rate credit exposure backed by strong protections and a rapidly maturing market.
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White papersCLOs: Positioning for a More Selective Market
CLOs continue to offer durable carry and structural resilience, supported by steady demand and a generally constructive backdrop. As performance grows more differentiated across issuers and sectors, the case for higher‑quality positioning and selectivity has strengthened.
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White papersCRE debt: A strategic complement in private markets
Commercial real estate debt is gaining traction as a complementary strategy within private markets, offering attractive risk-adjusted returns and downside protection. In a higher-rate environment, lenders can benefit from improved loan pricing and stronger borrower demand for alternative financing.
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WebinarAI Disruption in Software and Technology: Navigating the Rerating
The software sector has entered a period of sharp volatility as investors grapple with a critical question: is the recent selloff a panic-driven overreaction, or the early stages of a deeper repricing as AI reshapes the Software-as-a-Service model?
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White papersWhat CLO investors should know in 2026
The CLO market is entering 2026 at some of the tightest spread levels in years. And for investors, knowing how to navigate that environment makes all the difference. Nuveen’s structured credit experts break down what rate cuts, ETF flows, captive equity trends and spread compression really mean for CLO positioning, and where the opportunities still lie. Read the full piece to get their outlook and see how to position for what’s ahead.
