(Bloomberg) — The turmoil in global markets this past week is causing private credit funds to question whether they should reconsider the ever-tighter loan margins they’re demanding. Most Read from Bloomberg Industry stalwarts such as Ares Management Corp. and Blackstone Inc. have been charging less for private credit for most of this year, according to
(Bloomberg) — Bobby Jain signaled that efforts to raise cash for his new hedge fund faced competition from private credit firms that attracted investors looking for alternative strategies. Most Read from Bloomberg Investors who used to buy bonds to hedge volatility in the stock market are now looking for other asset classes for “uncorrelated” investments,
(Bloomberg) — Companies sold a record volume of leveraged loans last month, taking advantage of the cash chasing credit. A glance at recovery rates for defaults, however, highlights a growing risk in this debt. Most Read from Bloomberg For newly issued first-lien debt in the US and Canada in the first quarter, investors could expect
Prudent regulation of the financial sector requires that rules apply equally to all regulated entities. This, apart from delivering regulatory equity, deters less-regulated entities from mistaking an uneven regulatory regime as an incentive for excessive risk-taking. A uniform regulatory framework for all regulated entities not only acts as a disincentive against excessive risk-taking, but also