By Paola Aurisicchio
27 Jan 2021
Credit Suisse Asset Management (CSAM) has hired a head of origination in its direct lending group, following the firm s multi-billion push into private credit in partnership with Qatar Investment Authority. Kevin Lawi will join as a managing director and portfolio manager, and will serve as head of origination in the direct lending group, reporting to John G. Popp, managing director, global head and chief investment officer of the credit investments group at CSAM. He is based in the
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Credit Suisse launches meta thematic fund citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
By Paola Aurisicchio
20 Jan 2021
Credit Suisse Asset Management (CSAM) has priced the largest CLO in the past two years, a $850m transaction with a three year reinvestment period called Madison Park Funding XLVIII. The deal, priced on Tuesday, includes $544m of senior notes rated triple-A by S&P that were sold at 115bp over three month Libor. Strong demand from triple-A investors and the availability of collateral loans, according to sources, have driven the large issuance. The spreads being offered on triple-A
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Double Haven closure underlines pandemic effects
The failure of an experienced investment team to raise capital for a new and well-performing distressed debt strategy highlights the challenges posed by Covid – including personal ones.
While vaccine rollouts suggest an end is in sight for the Covid-19 crisis, the closure of a long-standing Asian credit manager shows that the pandemic continues to take its toll on the investment industry.
The decision last month to shut down Hong Kong’s Double Haven Capital has highlighted not only how tough it is for new strategies to raise capital in the current climate but also the impact of travel restrictions on investment executives split from their families.
News Category Global Banking & Finance Reviews
BNP Paribas Appoints Credit Suisse Asset Management to Serve as Allocation Agent for the Multi-Factor Diversified Strategy Index
BNP Paribas Appoints Credit Suisse Asset Management to Serve as Allocation Agent for the Multi-Factor Diversified Strategy Index BNP Paribas, a premier global bank, announces today it has appointed the Quantitative Investment Strategies group of Credit Suisse Asset Management (CSAM QIS) to serve as the allocation agent for the CSAM QIS Dynamic Multi-Factor Diversified Strategy (the DMD7) index. The DMD7 index seeks to provide diversified exposures across a range of mutually complementary systematic investment indices offered by BNP Paribas. It offers investors simple access to a portfolio diversifier, in a synthetic format (unfunded) that aims to generate attractive performance while being broadly uncorrelated with stocks and bonds.