The U.S. Leveraged Loan Market: Risk or Rhetoric?

With recent media focus on the leveraged loan market, many misconceptions have surfaced surrounding the asset class.  Politicians and financial pundits have raised concerns over the size and growth of the loan market, covenants, and perceived similarities between CLOs and CDOs. Please click HERE to read more.

Shenkman – Market Perspective Letter – July 2019

The bruising trade battle with China over economic, military, and technological supremacy could play out over many years with far-reaching implications. One of the most notable developments is the use of currency as a tool of foreign policy. The ubiquity of the U.S. dollar has played a major role in global commerce. Though China has … Continued

SHENKMAN CAPITAL: CLO Market Update – May 2019

New issue CLO volume was $10.0bn in May, a substantial decrease from April’s multi-year record $15.7bn. Refi and reset volume came in at $2.0bn and $1.4bn, respectively, continuing at a much slower pace than in the same period 2018. The slowdown in new issues this month (and in the near term) was expected for a … Continued

In conversation with Gregory J. Fleming – CEO of Rockefeller Capital Management

CEO Gregory J. Fleming spoke at Bloomberg Invest Summit 2019 in New York – the conference bringing together influential, dynamic and innovative figures addressing challenges and opportunities in the rapidly evolving investment landscape. We are happy to share the video link of Greg’s interview with Erik Schatzker, Bloomberg Editor-at-Large, which aired live on Bloomberg TV. … Continued

The Madman Theory – by Jimmy C. Chang of Rockefeller Capital

May 2019 may turn out to be a pivotal month for the Trump Presidency. According to National Economic Council Director Larry Kudlow’s football analogy, the trade deal with China had advanced to the 5 or the 7-yard line in early May. However, the trade deal fell apart after China returned the draft agreement with extensive … Continued