Credit - Volume 11 / Issue 8
Colin Purdie, formerly of Aegon Asset Management, joins Aviva Investors as SRI credit fund manager.
Janus Capital nabs Steven Bilodeau from Threadneedle's Frankfurt office.
Nomura appoints Guy Cornelius and Raffaele Ricci joint heads of fixed-income sales for Europe, Middle East and Africa
Vince Purton becomes Daiwa head of debt capital markets for Europe and the Middle East, and Chris Brown becomes deputy head of fixed income, also for Europe and the Middle East
Two senior heads at Axa Investment Managers anticipate escalating demand for catastrophe bonds.
Richard Wolff will head French bank's US debt capital markets syndicate.
Cecile Houlot takes up post after 13 years at JP Morgan.
Charles Achoa joins Royal Bank of Scotland after 13 years at Credit Suisse.
Thierry Sciard, previously head of alternatives at Fortis Investments, joins StormHarbour.
Ki Myung Hong joins the asset manager from Bank of America Merrill Lynch.
Jeffrey Meyer will become new head of global markets for North America, while Cai takes responsibility for corporate and investment banking in Asia.
Sean Richter arrives from Stifel Nicolaus.
Former head of European fixed income for DWS Investments hired to build government bond franchise.
US bank believed to have purchased bulk of $8.6 billion credit derivatives portfolio.
Increased borrowing reflects fears on country's banking sector.
Cambridge Place Investment Partners accuses 15 banks of mis-selling.
As the European Central Bank winds down its repo facility, there are fears that traditional avenues of securitisation issuance are still not viable.
The head of special situations at Alcentra says distressed debt investors should head for Europe if the global economy slumps again.
Iraq is beginning to open its doors again to international investors. With the country needing to raise capital to develop the infrastructure required to exploit its energy reserves, Credit looks at the role bond issuance could play in Iraq’s future.
Larry Brainard, chief economist at political risk consultancy Trusted Sources, argues that until Eurozone policymakers shift the emphasis of remedial action from sovereign debt and onto the banking sector, the region will continue to struggle.
US-led efforts to rebalance the global economy are in danger of foundering on Europe’s fiscal retrenchment drive. The result, warn economists, may be a global bond trap, whereby surplus liquidity is channelled into safe government debt, freezing…
Ever since its launch in 2007, China Investment Corporation, China’s sovereign wealth fund, has attracted widespread fear and suspicion. But its potential to move markets may have been overplayed.
China’s local governments have channelled their debt through off-balance sheet financing vehicles that leave creditors little recourse to repayment in the event of default. Calls to reform this system could result in the formation of a municipal bond…
Economic reforms in China have gathered pace in recent years. But the country’s bond markets remain hampered by significant structural problems, including state-administered interest rates and a murky legal system subject to government interference.
Special report: China
The chief economist at Independent Strategy, Bob McKee, explains why a repricing of sovereign debt and defaults of advanced economies would be “logical” outcomes in the next stage of the financial crisis.
Of all asset classes, fixed income has been one of the slowest to embrace ethical investment. Thanks in part to the growing influence of sovereign wealth funds, this may be set to change. But for many, lingering questions about whether constraining your…
July saw amendments to Basel III, the signing of the Dodd-Frank reform bill, and the results of stress tests on European banks. Credit assesses how investor sentiment towards the banking sector has been affected by this activity.
The executive vice-president and portfolio manager at Pimco talks about the asset manager’s plan to broaden its high yield offering, and where he sees the current risks and opportunities in that market.
Investors are complaining that documentation for high yield bond deals has become increasingly opaque and poorly structured, making it difficult to gauge the level of risk. Will the glut of high yield supply that is set to hit the market over the coming…
A $650 million bond from Indonesian telco Indosat, issued last month, was a record 16 times oversubscribed. What was it about the deal that attracted investors in such numbers?
Portfolio managers accustomed to building books in neat blocks of $50 million may struggle to unwind such positions in the new liquidity-starved secondary markets.
Private equity firms are sitting on $1 trillion of uninvested capital. That’s why they are buying ‘second-hand’ companies with questionable value potential from other private equity firms.
After last month’s sell-off of risky assets, traders say positive technical factors could push real money investors back into the market before long.
Regulators have given governments the freedom to decide at what point triggers should cause debt to be written off, giving investors a headache