Cat bonds, high yield, US distressed, infrastructure risky too
Troubled debt teams can provide valuable op risk insight
Deer Park, Pyrrho, PSAM, TSAF and Venor tell their stories
Hedge funds to follow US model by taking on bank risks
Banks expected to sell NPLs to improve stress-test resilience
Trying to get it right
13th Annual European Single Manager Awards 2013
Sponsored statement: BNY Mellon
Making good on bad assets
Switch of assets to trading book and subsequent sales meant to limit Basel III capital impact, says Citi's CFO
Nomura has know-Hau
Risk awards 2011
Profile: Diana Monteith
By: Edward I. Altman, Brenda Karlin, NYU Salomon Center
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.
The head of special situations at Alcentra says distressed debt investors should head for Europe if the global economy slumps again.
Alcentra head of special situations says second wave of global recession is likely, and predicts distressed debt opportunities in Europe.
In 2008 and 2009, the calibration of the standard Gaussian copula model for collateralised debt obligations has frequently broken down. To overcome that problem, Martin Krekel has embedded the model with correlated stochastic recovery rates. He shows…
An increase in the amount of distressed assets in the past two years has yet to boost inflows into distressed debt funds.
The distressed assets sitting on the balance sheets of financial institutions have increased in value in recent months, with a variety of firms reporting paper gains. Has the turning point been reached in distressed structured credit assets? Peter…