Asset owners in Asia are warming to CLOs blended with direct private lending but will need to tighten the due diligence on their managers as a result, investment experts say.
The US-based alternatives credit firm says the US securitised leveraged loan market is fundamentally healthy, but some investors are still shunning the segment.
Even traditionally conservative Asian institutions are being drawn to non-investment grade US debt vehicles, notably high-yield bonds and CLOs, says Asia-Pacific head Nick Hoar.
Top news, insights and analysis every weekday
Sign up for
The asset manager will reorganise its fixed income investment team in Asia after the departure of veteran Bryan Collins next month. His expertise will be missed, said Morningstar.
Lead equity PM and analyst exit AllianzGI; Western Asset hires Korea institutional head; PNB offers WFH as permanent option; BNY Mellon replaces Korea country head; Deutsche Bank hires first Apac ESG head; JP Morgan AM expands ETF team.
The financial group aims to expand its mainland investment team and diversify assets once it's approved to fully absorb its China life insurance joint venture, says CEO Bryce Johns.
The US multi-affiliate firm, formerly Old Mutual Asset Management, is closing its Hong Kong umbrella sales office as part of a change in strategy amid the Covid-19 pandemic.
Asia may be weathering the coronavirus pandemic better than its Western counterparts, but it is nonetheless expected to throw up financing and restructuring opportunities.
Looking for lessons in the past can be valuable, but Covid-19 poses a unique challenge for the financial system. Schroders looks at the ways private assets will (or won’t) be affected.
Ashley Alder reappointed as head of Hong Kong's SFC; Savills IM hires new senior executive for pan-Asia investments; T. Rowe Price appoints new head of Australia, New Zealand distribution; HSBC Private Banking names new head of products, investments; NN Investment Partners hires EM debt head; SC Lowy adds Europe head and more.
Travel lockdowns have severely impacted the investors' ability to keep adding to their historical interest, especially in overseas alternative assets.
China has scrapped the quota of its two leading inbound investment programmes, but the move appears unlikely to give its onshore capital markets a shot in the arm.
Limited partners have cut back on private equity investments as they focus on monitoring their portfolios. And they are taking a more careful and rigorous approach to fund managers.