The Nordic Brief
Emerging markets debt hard currency offers unrivalled scale, compelling diversification and attractive return potential but myths pervade the asset class which detach perception from reality around defaults, leverage to the developed market cycle and ESG risks, argues Janus Henderson´s Thomas Haugaard.....
Traditional public market solutions such as syndicated leveraged loans and high-yield bonds mainly serve large-cap or larger mid-market corporates, which leaves a void for a mid-market lending strategy focusing on high-growth companies in Southeast Asia, South Asia, Oceania and the wider Asia-Pacific....
In this virtual roundtable we were joined by investors from Norway, Sweden and The Netherlands to discuss how asset owners, asset managers and allocators face a new landscape of absolute and relative value and risk premia in terms of interest rates, credit spreads, illiquidity premia, corporate and consumer default risk.......
We sat down with CIO, Gustav Karner, to talk about how the EUR 1.2 billion fund managed to create a positive return in 2022 with the help of hedge funds and defensive macro positioning.....
Conventional wisdom may be subject to challenge and assuming a return to ‘normal’, when the past decade was anything but normal, represents a risky bet - argues Mark Dowding of RBC Bluebay Asset Management
We speak to Denmark’s AkademikerPension (AkP) and Zurich-based SUSI Partners to find out about the unique ways of structuring a private credit strategy in the energy efficiency space. AkP was an anchor investor in a recent fundraising......
Multi-manager portfolios can be expensive while the most obvious ways to save costs – such as standardised passive investing – can also compromise on customisation in terms of managers, ESG and risk. Russell Investments’ innovative EPI offering, which has grown to EUR 90 billion of assets over 14 years, can potentially offer the best of both worlds - suggests Maarten Roeleveld
Speaking to allocators across the Nordics, we hear different opinions about the outlook for high yield credit spreads, default rates, recovery rates and other variables. Hamlin Lowell interviewed Insight portfolio manager, Paul Benson, to gather some historical and analytical perspectives....
Private markets have developed into a global, highly diversified and heterogenous universe where some sub-sectors offer investors relative and absolute value. But deployment has slowed down and we have reached a crossroads: it takes (more) time to agree on value in this new context - argues Allianz GI´s Emmanuel Leblanc
Petri Lehtola, Portfolio Manager at OP Asset Management, talks to us about allocations across a range of portfolios and his belief that default risk is key to credit investing and that it should also create good opportunities after a volatile period.....
