All Loans articles – Page 3

  • direct-lending-sweet-spot-cover-sept-2024-banner-image
    White papers

    Locating the sweet spot in direct lending

    20 September 2024 By Federated Hermes

    On top of a compelling return, the northern European lower mid-market senior secured segment offers less downside risk and one of the best legal environments to negotiate any restructurings.

  • real-estate-debt-cover-blocks-banner-image
    White papers

    The Power of Diversification

    28 August 2024 By Federated Hermes

    Economist Harry Markowitz’s seminal 1952 essay on modern portfolio theory argues that through careful diversification, a portfolio can reduce the ‘specific risk’ associated with individual holdings, and more effectively track wider market performance. In this paper, however, we outline why Markowitz’s theory has limited practical application in private markets, and instead lay out an alternative approach to diversification that we feel is better suited to real estate and private credit.

  • Private_Debt_Few_Facts_Behind_the_Fears_1600x500
    White papers

    Private Debt: Few Facts Behind the Fears

    22 August 2024 By Neuberger Berman

    Despite a rising tide of negative media coverage, we believe that private debt still has tremendous potential to deliver attractive risk-adjusted returns for investors. In this piece, we aim to separate fact from fear when sizing up the private debt market, thereby potentially helping investors and allocators capture the opportunities that lie within it.

  • PIMCO
    White papers

    Facing the Music: Challenges and Opportunities in Today’s Commercial Real Estate Market

    31 July 2024 By Pacific Investment Management Company (PIMCO) (Real Estate - Homepage)

    For commercial real estate (CRE) borrowers and lenders, central banks have been a persistent source of frustration in recent years. Aiming to rein in stubborn inflation, the Federal Reserve and most of its peers have maintained elevated interest rates longer than anticipated. That’s their mandate, of course. But the consequences have been immediate pain for CRE borrowers facing higher debt costs, along with a duller discomfort from falling valuations due to reduced liquidity and higher capitalization rates.

  • CIO_1600x500_Hero_2024_07_29
    White papers

    A Soft Landing Is Still a Landing

    31 July 2024 By Neuberger Berman

    What do slowing growth, lower inflation, tight credit spreads and a steepening yield curve mean for our fixed income views for the rest of the year? If the big story of the moment in equities is the epic rotation out of mega-cap stocks  and into smaller companies, the equivalent in fixed income is the ongoing, sharp unwind of a record-breaking U.S. yield curve inversion.

  • High Yield- A Continued Bright Spot
    White papers

    High Yield: A Continued Bright Spot

    31 July 2024 By Barings

    Compelling income opportunities supported by favorable fundamental and technical conditions continue to attract investors to high yield bonds and loans.

  • CLO Equity- 101
    White papers

    CLO Equity: 101

    31 July 2024 By Barings

    From quarterly cashflows to compelling total return potential, CLO equity offers a number of potential benefits. But the asset class is often overlooked, due in large part to its perceived complexity relative to more traditional fixed income investments.

  • CLOs- The Positive Streak Continues
    White papers

    CLOs: The Positive Streak Continues

    31 July 2024 By Barings

    While CLOs remain well-positioned for the months ahead, we continue to see benefits to staying up in both quality and liquidity.

  • Trade finance made simple
    Video

    Trade finance made simple

    30 July 2024 By Federated Hermes

    In this video, Chris McGinley, Head of Trade Finance, outlines how Federated Hermes’ approach to trade finance differs from peers, how the team navigate risks, and the wider benefits of the strategy.

  • Article-hero-1200x406-RelativeValue_3Q24
    White papers

    Relative Value & Tactical Asset Allocation Q3 2024

    12 July 2024 By MetLife Investment Management (Real Estate)

    We are not expecting a U.S. recession in 2024. We are looking for credit spreads to remain rangebound in the near future, and we prefer high carry while considering downside risks. Consumers and housing fundamentals continued to be solid, while CLOs fundamentals weakened further. Commercial real estate fundamentals are stable, but performance divergences are wide. We are neutral for both corporate equity and cash investments.

  • NB 1
    White papers

    ESG Momentum in Non-Investment Grade Credit

    4 July 2024 By Neuberger Berman

    Issuers are facing an increasingly high bar in relation to environmental, social and governance standards. Our recent panel discussion provided ideas on setting goals and working toward achieving them.

  • ab
    White papers

    Why Allocate to Private Credit in Your DC Pension Plan?

    4 July 2024 By AllianceBernstein

    Saving for a pension isn’t getting any easier. But allocations to private assets—such as private credit—could help. It’s getting harder for UK defined contribution (DC) savers to accumulate realistic amounts of capital for their retirement.Prospective real returns from most asset classes look unlikely to match those of recent years. And the cost-of-living crisis is making it tougher for savers to maintain their current pension contributions, let alone increase them in future. How can DC savers get ahead?

  • 10 Minute Masterclass—Senior Secured Loans
    Video

    10 Minute Masterclass—Senior Secured Loans

    26 June 2024 By Barings

    Senior secured loans offer a unique blend of attractive yield potential with some protection against both credit and interest rate risk. At a high level, senior secured loans have the potential to provide attractive risk-adjusted returns and other portfolio benefits.

  • Article-Hero-1200x406-Monthly-June24
    White papers

    Economic Monthly: Strength or Softness?

    17 June 2024 By MetLife Investment Management

    Consumers have still not run out of runway. Despite having burned through the famous “excess savings” from pandemic-era stimulus, and despite a softer labor market, we continue to see consumers willing and able to spend. As we elaborate below, continued credit availability, investment spending and the labor market provide enough space for households to maintain their spending habits for the next several months.

  • Local banks lead on physical climate risk
    White papers

    Local banks lead on physical climate risk

    7 June 2024 By Federated Hermes

    The increased frequency of wildfires and flash flooding is already hitting insurance companies. But what about the climate exposures faced by banks in their mortgage and commercial loan books? Will Farrell investigates.

  • Senior Secured Loans- 101
    White papers

    Senior Secured Loans: 101

    6 June 2024 By Barings

    At $1.8 trillion, the global senior secured loan market has grown substantially over the last 15 years. Here, we break down the key characteristics of the asset class and touch on how investors can access the many potential benefits on offer.

  • Navigating Dynamic High Yield Markets
    Video

    Navigating Dynamic High Yield Markets

    6 June 2024 By Barings

    We have been investing in high yield bonds, loans and CLOs for decades—managing investments on behalf of our clients through the ups and downs of multiple market cycles. And importantly, we have done so with consistency.

  • AB_UnderwritingTheUnderwriters_1600x760
    White papers

    Underwriting the Underwriters: Finding Opportunity in Consumer Loans

    30 May 2024 By AllianceBernstein

    When it comes to investing in consumer debt, headlines may be misleading. We see opportunity.

  • The Coming Wave of Homebuyers
    White papers

    The Coming Wave of Homebuyers

    10 May 2024 By Neuberger Berman

    How higher rates for longer could be positive for U.S. consumption.

  • High Yield- What the Market May Be Missing
    White papers

    High Yield: What the Market May Be Missing

    2 May 2024 By Barings

    A closer look at the dynamics shaping today’s high yield bond and loan markets reveals the potential for continued strong performance ahead.