Why private debt? Investing in the debt of private companies may provide an alternative source of income and diversification at a time when both are difficult to find within traditional markets.  Institutional investors have long turned to private debt strategies for their potential to generate a high level of income and diversify their fixed income...

What are liquid alternatives? Liquid alternatives refer to daily liquid open-end funds, such as mutual funds and ETFs, which invest across a broad range of alternative investment strategies. Collectively, these types of funds are often referred to as “liquid alts.” Liquid alternative funds manage approximately $255 billion1 in assets across a diverse range of strategies. U.S....

Significant opportunity The U.S. commercial real estate market represents a large investment opportunity with $5.8 trillion outstanding across property types and geographies.¹ $5.8T U.S. commercial real estate debt market¹ An income-driven asset class Income has been the primary driver of returns for commercial real estate debt with modest credit losses—even during the depths of the...

A deeper look at SOFR, which will likely be LIBOR’s replacement in the United States.

The global financial market is transitioning away from LIBOR – a momentous prospect that has raised questions, challenges and concerns. We look at the basics of the current LIBOR rate and usage, the steps underway to introduce a replacement, and what comes next.

Is relief in sight on the income challenge? Not if you’re counting on traditional sources. This week’s chart shows why alternative sources may be needed.

The energy sector started off 2020 with a volatile January. Crude prices fell 15.6%, their worst month since May 2019. The Wuhan coronavirus roiled commodity markets in January. Impacts on demand have already been significant.

January was a mixed month for leveraged credit. HY Bonds ended January flat while Senior Secured Loans returned 0.56%. The duration-sensitive Barclays Agg rallied as rates fell over 40 bps over the course of the month.