All insights
Outcome Driven - Quarterly update - April 2019
Chris Bowie looks at the performance of the Outcome Driven strategy over the last quarter and looks forward to the rest of 2019.
Strategic Income - Quarterly update - April 2019
Felipe Villarroel discusses the Strategic Income strategy performance for Q1 and looks forward to the rest of the year.
Sonia and RMBS Get Hitched
They have been dating for some time, and been the topic of discussion at numerous dinner parties, even its good friend Covered Bond got hitched, but now RMBS has taken the plunge and tied the knot with Sonia (the Sterling Overnight Index Average), having finally ditched long-term previous partner, Libor.
Diligence Due in AT1 as Spreads Tighten
Since the start of the year credit markets have been very well supported, reversing much of the sharp period of spread widening we experienced in the final quarter of 2018.
Have European Regulators Just Tightened Financial Conditions?
The ECB published the result of its Supervisory Review and Evaluation Process (SREP) yesterday, which increased the average capital requirements for European banks, and overall, increased the average SREP requirement by approx. 100bps.
Olive Oil, What’s Not To Like?
Deoleo is a Spanish olive oil company that people will know from its brands like Bertolli. It’s long been considered to be one of the “idiosyncratic” stories in the European leverage loan market. The deal has an 85m revolver, a 55m second lien tranche and widely traded 460m senior secured tranche.