Debt
The valuation of contingent convertible catastrophe debt under simple solvency and liquidity covenants
This paper studies a new write-off debt instrument (called CoCoCAT bond) whose writeoff is triggered by solvency and event-driven covenants.
Are all collections equal? The case of medical debt
This paper examines the predictive value of medical collections in assessing consumer creditworthiness with credit scoring models.
Fed TLAC proposals put structured notes in limbo
The vague definitions of structured notes in the US rules spark confusion among dealers, while banks such as Morgan Stanley may need to restructure debt
Eurekahedge data on individual fund performance – November 2015
The latest statistics on top-performing FoHFs and hedge funds running arbitrage, relative value, distressed debt, event driven, fixed income, global macro and long/short equity strategies
Asia oil dealer of the year: BNP Paribas
BNP Paribas has helped Asian producers and consumers to cope with the dramatic moves in oil markets in the past 18 months
Energy finance house of the year: SG CIB
The French bank has executed innovative deals involving a broad range of commodities, countries and projects
Bond holdout provisions ‘could be challenged as oppression'
New collective action clause provisions that aggregate voting across all series of bond issuances, requiring a much larger stake in order to achieve holdout, could be challenged as an oppression of a minority, say lawyers
Strong dollar warning for emerging markets
As the dollar strengthens, what investing opportunities are to be had in emerging markets?
36 South warns of consequences of asset price inflation
It is not hard to conceive of a scenario within several years of another asset-price bubble and a subsequent collapse. Could the monetary authorities lose control of the system, asks Anthony Limbrick
Hildene Opportunities Fund: Hildene Capital Management
Brett Jefferson’s Hildene Capital Management has made a killing investing in beaten-down assets. His fund is the winner of hedge fund of the year and best distressed hedge fund, Americas Awards 2013
Hedge fund Everest Capital heads for the frontier
The history of emerging markets offers a clue of what to expect from frontier markets, where high nominal US dollar growth is likely to underpin strong earnings growth over the next 20 years
Adelante Emerging Debt Fund: Adelante Asset Management
Small hedge funds continue to face an uphill battle to attract institutional money. Adelante has undergone a makeover designed to bring it up to standard. Now it is all about performance
Perpetual sub debt from insurers appeals to investors
Insurers are tapping the Asia market to raise capital, with innovatively structured instruments. Investor appetite for this debt has enabled insurers to move from classical issuance structures to perpetual notes
Regulatory certainty required for Basel III bond uptake in India
Indian banks are in need of regulatory compliant capital instruments – but domestic investors are wary
Global risks for 2013 outlined by World Economic Forum
Severe income disparity highlighted as top risk for 2013
Top 10 op risks: Political intervention
Political intervention: top 10 operational risks for 2013
Sponsored statement: Standard Chartered
Multiple demand factors for Asian debt provide the perfect opportunity for Asia’s capital markets to expand their offering, according to experts at Standard Chartered Bank
Home-grown talent – Aaron Woolner column
Asian investors are looking at their near neighbours for opportunities, now that more mature, western markets are discredited
York Credit Opportunities Fund: York Capital Management
Winner: Best directional over 10 years
Cheyne Real Estate Debt Fund: Cheyne Capital Management
Winner: Best credit/distressed hedge fund
Emerging markets debt is the 'beta of choice' for ETF investors
Exchange-traded funds that give investors exposure to emerging markets debt are increasingly popular and funds denominated in local currencies are also on the rise
Record fine for fraudulent CEO 'not enough', says expert
FSA fine for ex-JC FLowers chief executive 'does not show credible deterrence'
OECD debt offices call for derivatives collateral debate
New report calls for debt offices to weigh the pros and cons of two-way collateral and clearing