Euro Leveraged Loans Growing Especially Via SMAs

By Alastair Sewell, Manuel Arrive, and Brian Knudsen of Fitch Ratings   Summary Strong Growth, Low Base: Fitch Ratings estimates that open-ended Europe-domiciled loan funds have had strong average annual growth of 50%-60% over the last five years. However, this comes from a low base: Fitch estimates total assets of just EUR40bn across all European open-ended funds at end-June 2016, with […] Read more »

High Yield Blowout In Europe

By Dealogic/Hedge Fund Insight staff   EMEA High Yield (HY) issuance volume has surpassed EMEA leveraged loan volume by $7.0bn in 2015 YTD. This has happened for only the second YTD period on record, the first time being in 1998, when HY new issuance volume ($4.2bn) surpassed leveraged loan volume ($3.0bn) by $1.2bn. EMEA HY […] Read more »

KKR Excited By The Potential For Growth Of European Credit Through Avoca

By Hedge Fund Insight staff KKR is in the process of acquiring European credit manager Avoca. During the Fourth Quarter 2013 Earnings Conference Call Scott Nuttall, the Global Head of Capital & Asset Management at KKR & Co LP, talked enthusiastically about the business prospects of Avoca within the KKR framework. Nuttall said that Avoca […] Read more »