Edition:
United Kingdom

Kristen Haunss

Loan investors ask for higher minimum returns as Libor falls

09 Aug 2019

NEW YORK, Aug 9 (LPC) - Investors are seeking additional protection in volatile credit markets by asking companies to increase guaranteed minimum returns on leveraged loans, as fears grow that falling US interest rates could drag Libor lower, hitting their returns.

MOVES- Redding Ridge said to hire D’Angelo as CLO portfolio manager

07 Aug 2019

NEW YORK, Aug 7 (LPC) - - Redding Ridge Asset Management has hired John D’Angelo as a Collateralized Loan Obligation (CLO) portfolio manager, according to sources.

US fund managers grapple with socially responsible investing

02 Aug 2019

NEW YORK, Aug 2 (LPC) - Asset managers are increasingly making sustainable investment decisions that reflect their own corporate values and those of their investors, but are still under pressure to deliver competitive returns as the market continues to develop and implement environmentally friendly principles.

MOVES- Deutsche Bank’s Cottrell to oversee securitized products trading

31 Jul 2019

July 31 - Deutsche Bank’s Sebastien Cottrell has assumed responsibility for securitized products trading globally following the announced departure of John Hanisch, according to a source.

CLO market prepares for downturn by pushing to swap defaulted assets

25 Jul 2019

NEW YORK, July 25 (LPC) - Investors in US Collateralized Loan Obligation (CLOs) funds are increasingly pushing managers to include more flexibility in deal documents to address loan defaults as the market prepares for an economic downturn after years of growth following the credit crisis.

US CLO issuance just behind 2018’s record pace despite challenges

27 Jun 2019

NEW YORK, June 27 (LPC) - Issuance in the US Collateralized Loan Obligation (CLO) market is just behind the record-setting pace of 2018 despite criticism of the asset class and higher spreads eating into returns.

SEC says closed-end funds should disclose more, managers differ on requirements

20 Jun 2019

NEW YORK, June 20 (LPC) - Firms that manage closed-end funds agree that regulatory proposals that would force managers to disclose more information to investors including factors affecting performance as well as investment strategies could be beneficial, but disagree on whether regulators should dictate what specific data is shared.

US tax change to favor companies over lenders in next downturn

13 Jun 2019

NEW YORK, June 13 (LPC) - Companies that fund their businesses with highly leveraged loans and bonds are set to benefit from changes to the US tax code that will allow them to raise cheap new financing by guaranteeing the debt with foreign assets, although the move could penalize existing lenders.

Financial crisis, Toys ‘R’ Us downfall guide Tuesday leveraged lending hearing

04 Jun 2019

NEW YORK, June 4 (LPC) - Ten years out from the financial crisis and legislators and regulators are sounding the alarm about risks in the US$1.2trn leveraged loan market, concerned that loosening lender protections and aggressive terms in the asset class could weigh on the overall US economy.

Leveraged lending risk to be discussed at Congressional hearing Tuesday

03 Jun 2019

NEW YORK, June 3 (LPC) - A Congressional committee will discuss risks in the US$1.2trn leveraged loan market at a hearing this week as loosening lender protections and aggressive terms in the asset class have drawn the ire of lawmakers and regulators.

World News