Extra Credit

In direct lending, which market is ready for takeoff, and which needs to refuel? We examine how the US and European approaches differ and ask what the outlook is for each

Interest in direct lending has exploded over the past few years. But with increasing pressures from traditional players and an uncertain macro environment, this episode asks; can private credit weather the storm?

Catastrophe bonds – the reinsurance debt instruments linked to natural disasters and one of the most profitable hedge fund strategies of 2023 – are in high demand right now. This episode of Long Story Short investigates why.

US residential credit features three key benefits for insurance companies: A high-yielding and diversifying investment with exposure to a healthy underlying real estate market; attractive capital treatment and the ability to secure low-cost financing, and; efficient ways to access a granular asset-class through customised solutions.

Healthcare has endured short-term headaches as inflation and rising rates squeezed cash flows. Now it looks set to resume offering its unique characteristics for private credit investors.

First small cracks are starting to appear in credit driven by the higher for longer rates environment, while select opportunities are surfacing in emerging markets.

Extra Credit – the new season of the podcast Long Story Short – kicks off with a deep dive into the rise of quant credit and the future of systematic bond trading.

Is dispersion a help or a hindrance to portfolios in 2024? Catch the replay of our live webinar on how investors should be thinking about high yield, credit risk sharing and private credit in their portfolio.

An environment built for active managers, not for indiscriminate beta players.

Matthew Moniot, Co-Head of Credit Risk Sharing at Man GPM, joins Bloomberg Intelligence's Noel Hebert and Sam Geier on this episode of Credit Crunch, part of the FICC Focus podcast.

Veterans of the cat bond market would argue yes, but 2023 was a notable exception. Other instances in history even show that larger losses do not necessarily need to be precipitated by an active season.

Private credit – specifically middle market, sponsor-backed direct lending – looks uniquely positioned to weather the future storm thanks to a number of supportive structural factors.