◀ The Principal Blog

Posts tagged ‘bank loans’

AIFMD: An Opportunity, Not a Chore



Mention of the Alternative Investment Fund Managers Directive, AIFMD, will typically elicit a groan among investment professionals, since many view the legislation as punishment of the financial industry by politicians from the European Union. After all, the directive was instigated as a reaction…

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Bank Loans + High Yield Bonds > Bank Loans Alone



Even after a bumper year of investor inflows, high yield bank loans underperformed high yield bonds in 2013. Flows into bank loans, a segment of the overall high yield fixed income market, were north of US$62 billion, and yet the total returns in the high yield bond market were better. Why didn’t…

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