Investment opportunities in debt fund strategies

Download the Special Report Investment opportunities in debt fund strategies

Articles

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

Investment opportunities in debt fund strategies

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

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

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

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

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.  »


Upcoming events

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai