Alternatives

What happened and which trends worked well in 2020?

A closer look at the fundamental differences between the US and European Leveraged Loans markets.

The pandemic has highlighted the rising importance of anticipating socioeconomic megatrends for fund managers to stay ahead.

COVID-19 has sent many countries into a recession, with more defaults and financial restructurings the likely outcome. Against this background, attention has turned to the challenges facing private credit managers.

We hear from Eric Deram, Managing Partner at Flexstone Partners, on solving the challenge of geographical diversification in the middle market.

How digitalization can help infrastructure to answer the challenges of the post-Covid-19 world?

MV Credit looks back at the private debt market in 2020 and focuses on the highlights of its strategy.

Amid the clamour for everything ESG today, asset managers, investors and advisors need to decide what they are genuinely trying to achieve.

Since inception in 2000, MV Credit has been involved in a few restructuring scenarios, most of which date back to the GFC.

Last March, The Covid-19 crisis ignited the sharpest economic downturn in modern history, sending financial markets into a tailspin.

A quarterly look at data and topics in the syndicated loan market.

MV Credit has a broad experience in using fund financing to create value for investors and working with lenders.

Kathryn M. Kaminski from Alpha Simplex looks back on her personal journey in the quest for “crisis alpha”, a research concept she created ten years ago.

The Covid-19 crisis has triggered a downturn, bringing challenges that experienced managers can overcome with strict investment discipline, partnering with private equity sponsors and active monitoring of credits.

Municipal system administrators and investors are reassessing whether the long-term prospects for many critical sectors of the economy have changed irreparably

While the eyes of many are on loan documentation, Nicole Downer of MV Credit says the focus should be elsewhere, including fostering solid relationships with sponsors.

Think differently about emerging markets (EM) debt investing.

Senior secured loans bring some certainty to an uncertain world.

A quarterly look at data and topics in the syndicated loan market.

MV Credit believes that partnering with the right sponsor is a key factor behind its 20-year strong track record and can help minimise the impact of credit losses.

After several years of sovereign downgrades, there has been a decoupling of the corporate asset class from the sovereign space.

Lifting the lid on the world of algorithms, machine learning and artificial intelligence.

Why DC schemes may need to rethink their default options

Despite regulatory changes relating to ESG and Impact Investing, Trustees are still none the wiser about how to account for climate change in their scheme’s SIPs.

Investors of many types were blindsided by the COVID-19 Crisis. Emerging Market (EM) debt investors, familiar with volatility and the opportunities market dislocations can provide, have been assessing portfolio allocations in light of shifting valuations.

Ostrum Private Debt Real Assets team looks into the impacts of the Covid-19 crisis on the aircraft debt.

Both consumers and businesses are subscribing more and more to products and services. This Insight of Thematics AM shines the light on some of the long term factors that are driving the broad adoption of subscription based models across a nice mix of industries.

Flexstone's co-investing philosophy focuses on providing increased exposure to high conviction managers in their core areas of expertise (“Sweet Spot”).

Persistent cross-asset trends during periods of market stress, crisis alpha and the strategic role of managed futures are explained.

Since 2008, Flexstone Partners investment team has been an active co-investor committing over €700 million to 87 co-investments in Growth and Small to Middle-Market Buyout deals.

To unearth the best mid-market companies worldwide requires a global team with local expertise in the world’s major regions.

In this report, AEW shares initial analyses of loan-level data to allow answering the question: is commercial real estate debt priced efficiently for investors in European markets?

Clear Path Analysis sits down with Denis Prouteau, CIO of Private Debt & Real Assets at Ostrum AM, to talk about the prospects of real assets, infrastructure and private debt going forward.

An interview by Clear Path Analysis with Nicole Downer, Managing Partner at MV Credit, about investing in the competitive Private Debt Market in Europe in 2019.

Charlse Regan, Head of Asia-Pacific Infrastructure Debt Ostrum AM Hong Kong, discusses the top 10 reasons to consider Infrastructure Debt as a portfolio diversifier.

In this report, the factor investing approach is applied to close to 40 European office markets for the first time comparing it to traditional core and value add investment styles.

Investing in aircraft asset class is a logical departure for institutional investors

Custom-made service gives investors more choice, while reducing the risk of costly mistakes.

The constant growth in demand for passenger air travel, combined with airlines’ improvement of their capacity management, have led to an enhanced profitability of the industry.

2018 has been a very positive year for volumes in infrastructure debt with conventional and renewable energy reaching peak volume and the appearance of new high-potential territories.

How UK Defined Contribution (“DC”) schemes can overcome the misconceptions that stop them offering investments with superior risk-return potential.

The retrenchment of investment banks in the private debt space has given rise to unserved demand of credit and debt financing as an opportunity to private debt funds across Europe.

There is a growing consensus that educating and employing larger numbers of women can lead to economic growth.

Strong case for including non-financial information in investment decisions.

How computing power can extract alpha from complex ESG data

Why economic uncertainty need not deter investors from real estate, explain Arnaud Heck and Cyril Hoyaux in a Q&A.

Aircraft debt can deliver consistent income and superior risk adjusted spreads.

How to source stable, long-term cashflows from infrastructure debt with a strong ESG focus

Aymeric Angotti, Head of Aircraft Private Debt at Ostrum Asset Management, explains why institutional investors should consider aircraft private debt.

Ostrum AM: Interview with Denis Prouteau, CIO Real Assets Private Debt

Frederic Nadal, CEO at MV Credit, explains how important it is for a private debt investor to select loans with an ESG lens

Creating bespoke portfolios through alignment of bank and asset management capabilities

MV Credit: Interview with Frederic Nadal, CEO

Many institutions, sovereign wealth funds and family offices ploughed in to government bonds 10-15 years ago when yields were attractive. Those bonds are now maturing and need replacing.

The deterioration of the world’s oceans is becoming a global debate.

Experts call for directing private capital to land restoration.

Insurance companies called upon to keep pace with the energy transition.

Only climate-conscious, active management investment strategies are fit for a 2°C world.

A buy and maintain strategy focuses on a desired level of income and aims to ensure the bond portfolio is not impacted by default risk as interest rates rise and economies overheat.

Ostrum AM uses its long-standing expertise in the management of fixed income products to develop an "Enhanced Beta" strategy that combines the benefits of active management and the smart beta approach.

"Put-write" strategies have nearly kept pace with U.S. equities, but with fewer drawdowns

In fulfillment of the article 173 of the French energy transition law.

If one is truly honest, one must admit that most asset markets across the globe appear expensive today, at least through the lens of historical valuation metrics.

Mirova's comment on the IPBES report on the state of land degradation around the world.

Scorecard for unique Enhanced Beta investment strategy.

Multi-asset credit strategies aim to capture global credit risk premiums.

The high yield market can provide compelling investments within most stages of the economic cycle.

Renewable energy is one of the fastest growing segment within the infrastructure market.

The blockchain will disrupt the way in which transactions are made.

NAM Newsletter

Annual outlook of aircraft industry.

VIDEO (4’18) – Raphael Lance, Head of Renewable Energy Funds at Mirova

As a nascent but promising market, conservation finance could offer diversified opportunities for institutional investors while fighting global land degradation and deforestation.

Compared to investment grade bonds, corporate loans provide a sizeable yield pick-up and excellent risk-return characteristics relative to other credit instruments.

Analyzing likely impacts of market changes and the state of debt markets in Europe, this report provides an overview of current conditions, highlighting strategies that have the potential to deliver outperformance.

Discover an effective way to access European small and mid-cap private equity companies.

On top of favoring sustainable development, broadband networks are true infrastructure investment opportunities.

Collateralised assets benefit insurers under Solvency II.

AEW Europe Q2 2017 Real Estate Market Outlook

Overlay and Minimum Variance, two strategies to hedge its equity portfolio against volatility.

Comments on US withdrawal from Paris climate agreement.

Annual outlook of aircraft industry.

Institutional investors embrace risk in pursuit of better returns and yield, finds Natixis Global Asset Management Survey.

Allocations to infrastructure assets are rising fast, so specialist skills are required to maintain outperformance and manage risk.

How to get paid for scarce capital and liquidity.

Insurers need innovative investment strategies in response to regulation and low yields.

Private debt can be a lower-risk, higher-yielding alternative to traditional bonds.

Institutional investors are increasingly attracted by real asset private debt.

Transforming non-core assets into prime property requires skill and resources.

Managed futures may provide shelter from storms and diversified returns in calm markets.

Including alternatives strategies in a portfolio can help to improve performance whilst reducing risk.

An alternative to conventional fixed income investments.

A fixed income strategy combining active management and smart beta.

Mid-market private companies have the potential to expand rapidly while avoiding high exposure to volatile public markets.