US bank loans suffered significant losses in November and December 2018 as a result of changes in interest rate expectations and outflows from ETFs and open-ended loan funds (please see our December issue of Reflections). European loans and US and European CLO spreads widened in sympathy, despite limited trading flows and the lack of negative […]
A combination of negative credit headlines and a change in investor expectations regarding future US interest rates has resulted in a significant increase in volatility in the US loan market in what traditionally are slow weeks around the Thanksgiving holidays and pre-Christmas period. While the US loan market does not appear to have suffered the […]
Kudu Investment Management, LLC (“Kudu”), a provider of capital solutions to the asset management and wealth management industries, today announced that it has agreed to take a passive minority stake in leading London-based alternative credit manager Fair Oaks Capital Ltd., and various affiliates (“Fair Oaks”). Please click here to view the press release.
CLO Equity: A Good Time to Invest? Challenging credit fundamentals, tight credit spreads and volatility can, unsurprisingly, be reasons to justify delaying investment decisions until the market corrects. On the other hand, the opportunity cost of holding cash is high and it is difficult to time investment decisions perfectly, not just in the sense of […]