All Credit articles – Page 7
-
BlogWill the Fed’s Policy Bundle Morph into a Bungle?
The Federal Reserve’s decision to hold monetary policy steady was expected but its arrival carries a set of nuanced ramifications.
-
PodcastAll the Credit, Ep. 40 - Breaking the Bank? Weighing Looming Risks in the Commercial Property Sector
Banking is again front and center as investors weigh systematic risks from another prospective real estate crunch - this time in the commercial property sector.
-
White papersNavigating Uncertainty 2.0 - Are bonds in the sweet spot?
Since the start of the year, the potential long term investment opportunity for fixed income has increased. Problems in the banking sector have raised the prospect that central banks will now pivot toward ensuring financial stability and either pause, or start cutting, rates. This increases the chances monetary policy could shift from a headwind for bond markets to overcome into a tailwind supporting results.
-
WebinarFallen angels: unlocking price recovery potential
In our latest webinar, Ashton Parker and Anando Maitra, co-managers of LO Funds – Fallen Angels Recovery explored the attractive risk-adjusted return potential from fallen angel investing, throughout market cycles.
-
White papersLooking beyond traditional LDI instruments as de-risking gathers steam
In 2022, we saw one of the most unprecedented movements in global financial markets in modern history. A combination of global geopolitical problems and supply-demand imbalances of goods and services due to the pandemic left the Federal Reserve (Fed) with no option but to try and slam the inflationary brake by hiking short-term interest rates to stop the economy from overheating.
-
White papersParsing Risk and Reward in High Yield Investing
Understanding the attractive liquidity premium available to patient, long-term investors in leveraged credit markets
-
White papersGCC/MENA Bond Market Update
Fixed income markets fell in May, mainly due to stronger-than expected US data, though outside of the United States (US) the figures released were more downbeat. Early in the month, the US Federal Reserve (Fed) raised its federal funds rate by 25 basis points (bps), and accompanying comments by policymakers appeared to suggest an end to the hiking cycle.
-
White papersCredit crisis? Why this time may be different for REITs
“Credit crisis” and “banking stress” are dominating headlines and creating uncertainty for capital markets. Real estate is a capital-intensive industry and depends on well-functioning capital markets to thrive.
-
White papersPrivate Placement Debt is an All-Weather Investment Strategy
The unique characteristics of private placement debt help position the asset class to perform well despite the potential for an economic slowdown or recession. Private placement debt is predominantly investment grade, comes with structural protections, and offers the potential for incremental income.
-
White papersInvesting in quality credit for net zero
An eventful start to 2023 saw sticky inflation and a banking crisis on the macro front, and further government action in climate policy. We review the landscape for corporate bond investors in the net-zero transition during an action-packed first quarter.
-
White papersStructured credit market outlook: Opportunity in volatility
Alcentra explores the current CLO market opportunity and why investors should consider exposure to this asset class today to take advantage of meaningful potential upside.
-
White papersThe decade ahead for private credit
In this special issue of Private Debt Investor, Nuveen CEO Jose Minaya and Churchill President and CEO Ken Kencel reflect on the evolution of private credit over the past decade: today, it has not only become an established part of the institutional investor allocation mix, but is increasingly seen as the primary source of financing for middle market companies and their private equity owners. Having proven its worth to the market, the industry is set for further change and growth.
-
White papersInstitutional Ownership and the Resolution of Financial Distress
We analyze the distressed firm’s decision between Chapter 11 and an exchange offer. We construct a comprehensive data set on the financial characteristics and capital structure of 269 distressed firms, which, unlike previous studies, uses quarterly information and includes exhaustive data on equity and bond ownership by institutional investors.
-
PodcastEpisode 7 | Nayef Perry and Emily Nomeir - The Golden Age of Credit
Private credit has outperformed public credit for 21 of the last 22 years. Leaders on our Direct Credit team discuss the trends they are seeing, and why they believe this asset class is having it’s ‘moment.’
-
White papersWhy the next economic recovery may be stronger than expected
Three questions have weighed on investors’ minds for months: Will there be a recession? How bad will it be? And what comes next?
-
VideoTumultuous times: Understanding the macroeconomic landscape
Fixed income sectors that eliminate credit risk seem to be pricing in a recession while sectors willing to take credit risk seem to be much more optimistic.
-
White papersIs the Consumer Cracking?
News from the consumer sector reveals intriguing trends, as well as the importance of credit and security selection in today’s complex market environment.
-
White papersActively exploiting potential in fallen angels
Fallen angels fall for a reason; understanding the reason through an active approach helps avoid bonds that are likely to suffer from further downgrades and detract from performance. We delve into why credit analysis is key and illustrate our approach with two case studies.
-
VideoBeyond Fundamentals: Taking A Deeper Look at Credit Risk
Many people refer to high yield bonds as “junk,” which immediately makes the issuers sound like low-quality businesses. From our standpoint, that is true for some parts of the universe but certainly not all. The high yield market has evolved substantially over the past 25 years. It now includes many high-quality businesses willing to take on more debt to finance their operations and fund their future growth.
-
White papersOpportunities across the credit spectrum for multi-sector income investors
As central banks near the end of hiking cycles, the environment is becoming increasingly supportive for fixed income.
