May 15, 2024
Funds

‘No AT1s. No CCCs:’ Bond Veteran Roberts’ New Fund Favors Safer Debt

(Bloomberg) — David Roberts, a bond market veteran who built several billion-dollar funds from scratch over the past 27 years, is cutting his retirement short and buying debt again. His approach is “No AT1s. No CCCs.””  HT Image {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The co-manager of Nedgroup Investments’ global strategic bond fund, launched formally on Tuesday,

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Property

China Credit Calm Will Be Tested by Maturities, Property Crisis

January 16, 2024, 7:00 AM UTC China’s calmest offshore credit market in years will be tested in coming months by maturities at major developers and ongoing weakness in the property market. A gauge of credit stress in the nation’s offshore bond market held at 1 in December, according to Bloomberg’s China Credit Tracker, matching November’s

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