Sign up for free newsletter


Investment opportunities in debt fund strategies
Investment opportunities in debt fund strategies

Thu, 04/04/2013 - 11:01

With some managers describing CLOs as 'the standout success story of 2012', and with a strong outlook for significant returns in 2013, read why "It's a good time to be a direct lending manager in Europe"

The 'Investment opportunities in debt fund strategies' special report comprises 5 separate articles listed below, these can be read individually or as a sequence.

Hugh Stevens, Head of Private Equity and Real Estate Services at BNP Paribas Securities Services

Investment opportunities in debt fund strategies

Thu, 04/04/2013 - 11:13

By James Williams – Prior to the global financial crisis the ability for European corporates to finance themselves via leveraged loans was dominated by a prevalence of collateralised loan obligations (CLOs): in 2007, at its peak, the CLO market bought up two thirds of the USD166billion of leveraged loans issued that year, according to ratings agency Standard & Poor’s. »

Bryce Markus, Managing Partner and Portfolio Manager, BlueMountain Capital Management

CLO 2013 Outlook: Good opportunities for significant returns

Thu, 04/04/2013 - 11:18

By James Williams – The CLO market enjoyed a resurgence of sorts in 2012 with approximately USD50billion in new issuance, overshadowing the paltry figure of around USD13billion in 2011. Much of this CLO activity remains in the US, where major players such as Dallas-based Highland Capital Management LP – the largest US CLO manager by AUM (approximately USD14billion) – and New York-based BlueMountain Capital Management continue to originate deals. »

Simon Perry, Head of Business Development, EMEA, Alcentra

Alcentra: CLO funds were the ‘stand out success story’ in 2012

Thu, 04/04/2013 - 11:24

By James Williams – Alcentra is one of the world’s leading asset managers. With a focus on sub investment-grade corporate credit it has built a strong 11-year track record in secured loan investing. It has USD16billion in assets under management, including some USD9billion in European assets. »

Mike Dennis, managing director and co-head of Ares Capital Europe LP (ACE)

A good time to be a direct lending manager in Europe

Thu, 04/04/2013 - 11:29

By James Williams – “Now is a good time to be a direct lending manager. We view what’s happening in Europe as a secular shift in the structure of its market. Whereas it was once 90 per cent dominated by banks, increasing institutional capital is beginning to balance things up,” comments Mike Dennis (pictured), managing director and co-head of Ares Capital Europe LP (ACE).  »

Maxime Gibault, head of the insurance company client segment at BNP Paribas Securities Services

Solvency II: Look-through treatment will help calibrate capital costs

Thu, 04/04/2013 - 11:34

By James Williams – Solvency II is an EU-wide piece of regulation which aims to introduce stronger rules on capital adequacy and risk management for insurance companies, and ultimately increase the protection of the final beneficiary. The Directive represents a major change in the way that insurance companies will operate because at its heart lies a requirement to focus far more exclusively on the assets being held on the balance sheet, and the inherent risks they represent.  »


Switzerland Hedge Funds 2017

Mon, 27/Mar/2017 - 13:53

Bermuda Fund Services 2017

Fri, 24/Mar/2017 - 10:55

Guide to Relocation 2017

Mon, 20/Feb/2017 - 14:43

BVI Hedge Fund Services 2017

Wed, 08/Feb/2017 - 13:15

Cayman Islands Hedge Fund Services 2017

Wed, 18/Jan/2017 - 09:12

6 days 23 hours from now - Hong Kong
1 week 23 hours from now - Toronto
1 week 2 days from now - Shanghai
Sun, 09/04/2017   - Dubai
Mon, 15/05/2017   - London
Mon, 15/05/2017   - London
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 12:28
Backstop Solutions Group
Tue, 08/11/2016 - 18:44
The Gemini Companies
Mon, 17/10/2016 - 12:51
other gfm publications