Tue, Sep 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

European corporate credit, distressed, securitization offer hedge funds exciting opportunities

Monday, July 21, 2014

Komfie Manalo, Opalesque Asia:

The European corporate credit space offers "many very exciting opportunities at the moment as a result of the the disintermediation of the credit markets which is happening, however at a very slow pace", said Fabrice Dumonteil, founder and CEO at alternative asset management firm Eiffel Investment Group at the recent Opalesque France Roundtable.

The Opalesque 2014 France Roundtable was sponsored by Lyxor and Eurex and took place at the Paris office of Lyxor.

He told participants at the Roundtable, "At the moment about 70% of the credit to the economy is done via banks versus maybe 80% a few years ago, compared to 30% in the U.S. That shows we have still a very long way to go, and this provides both vanilla and more complex opportunities."

Dumonteil explained that vanilla opportunities include the increasing number of new companies coming to the high yield market for "strategic issuances" at attractive yields. He went on to say that 2013 was a record year in European high yield issuance, and while it is still only fraction of what is done in the U.S., the segment shows a healthy growth. Many of these new companies are under-researched, and that is where his fi......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner