TheLeadLeft

Chart of the Week - Tale of Two Markets

The volume of institutional leveraged loans in the US is over six times as large as that of Europe on average over the past fifteen years. Source: S&P Capital IQ; Annual institutional loan volume in US dollars

Lead Left Interview - Kathryn Dick (Part 2)

This week we continue our conversation with Kathryn Dick, Managing Director, Promontory Financial Group. Kathy advises clients on regulatory issues, risk management, and capital market activities. Prior to Promontory, Kathy had a 26-year tenure at the Office of the Controller of the Currency.  Second of two parts – View part one The Lead Left: There’s concern among…

The Pulse of Private Equity - 2/15/2016

2015 Sees U.S. PE Fundraisers Slow Down U.S. private equity fund managers have had a fair measure of success lately. Last year, the median time it took a fund to close was 12.8 months, one of the shorter times on record, while over 87% of funds raised hit their target, for the second year in…

Markit Recap – 2/8/2016

European credit markets, led by the banking sector, have seen risk escalate over the past several weeks with the Markit iTraxx Europe Main index seeing it’s spread widen to June 2013 highs. One relative bright spot however, has been the region’s sovereign credit, which has largely steered clear of the contagion developed in the corporate…

Leveraged Loan Insight & Analysis - 2/8/2016

Despite hopes that 2016 would start off on stronger footing than 2015 closed, market volatility intensified in January. The Merrill Lynch HY Cash Pay Bond Index continued to demonstrate substantial downward pressure driven by macro volatility rooted in global growth prospects. Average bids hovered south of 86.5 by the end of last month, down from 89.16…