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M&G Investments

Reversal of fortune

Inverted swap spreads have defied earlier predictions that they were a short-term aberration to still be a feature 18 months after their first appearance. Is this set to continue and, if so, does it pose an opportunity for pension schemes and insurers?…

Group of 26 grinds to a halt

The proposals from the Group of 26 fund managers calling for improved covenants were supposed to herald a new era of protection for bondholders. But nearly two years later, the impetus for change seems to have stalled. Laurence Neville reports

Top investors in credit

This year has been an eye-opener for investors in European credit, with some fund managers living dangerously by under-investing in credit expertise

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