Tue, Oct 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2014

Perspectives: News, views and findings

Investing in credit remains strong despite interest rate talks

Despite fears that investors would run from fixed income as interest rates rise, panelists at the SALT Conference in Las Vegas, Nevada are finding a wealth of opportunities in credit. Across several panels, managers agree that several years into the boom for credit funds, there is more to come.

Indeed, even though interest rates in the US are expected to start rising at some point in the next few years, other macro factors like recapitalizations in Europe and a lack of lending are likely to keep asset flows going into credit. The latest asset flows data from eVestment shows that credit fund AUM is at an all-time high. The universe surpassed its pre-crisis peaks back in 2010 and has been in record territory since.

...The changing face of banks was a constant refrain among credit investors. Non-performing loans, and nonbank lending and specialty finance were cited as opportunities by Deepak Narula Founder & Managing Partner, Metacapital Management. "Refinancing is over," he added by way of explaining the slow down in residential mortgage refinancing.

...Other sources noted a spate of new fund launches. "We're seeing a lot of variety in launches," Ingrid Pierce, Global Managing Partner at Walkers tells Opalesque noting that new managers with some kind of support from a platform or a seeder often have better luck raising assets... You can read Bailey McCann's full article here.

Let's Be Clear - transparency is still lacking in alternative investments

Even as investors push more capital into alternative investments, and regulation seeks to improve transparency, work remains according to a new survey from Intralinks and Opalesque. The report, entitled "Let's Be Clear: A Common View on Transparency," s......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad