It is an ill wind that blows nobody any good, goes the proverb, and so it is with the problems besetting the financial system. Even as colossi like Lehman Brothers collapse and their surviving rivals seek succour from the taxpayer, others see opportunity in the turmoil. Two groups in particular are positioned well to benefit, and we consider them both in the November issue of Credit: distressed debt investors and technology vendors.
The entry of the former into a market is often seen as a sign that things are bottoming out, and indeed hopes are widespread that this portion of the investor base will be a serious provider of liquidity in the months to come. This month we speak to a selection of funds, most of which have registered strong performance throughout the worst of the crisis.
Credit has a long history of covering technological innovations in our market and these have never been more crucial to its successful operation than now. Turn to page 39 for our survey of the best product releases and updates from the past 12 months. We intend in the months to come to bring you enhanced coverage of the many firms working to provide front-line market participants with operational support. We recognise their crucial role in today's testing market and are committed to keeping all our readers informed about how they can benefit.
- Matthew Attwood.
More on Structured Products
Chris Leone and Dushyant Chadha replace Paul Galietto
Steffen Scheuble says growth in mainstream strategies may be nearing saturation point
Capital-at-risk product pays out early if crude index is no lower than strike price in 30 months’ time
Investors’ capital at risk if underlying is below barrier level at maturity
Loomis Sayles vice-chairman discusses the US credit markets
The US has recovered from recession but still faces an enormous debt burden. The onus is now on companies to pick up the slack in the economy and keep bonds buoyant
The head of European credit portfolio management at Pimco talks to Credit's Alex Monro about the ongoing Eurozone crisis, and the likely investment themes for 2011.
The European securitisation markets were among the hardest hit by the financial crisis: large losses on a range of securitised products led to a drop-off in investor demand, while prohibitive spreads made...
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.