Investors pay the price for flocking to so-called cov-lite leveraged loans with reckless abandon
Also in today’s newsletter, the brewing tensions over a new EU green trade proposal
Pluralsight lender group marked debts at seemingly implausible highs
Geopolitical turmoil, smoke-and-mirrors fiscal planning and quantitative tightening: the risks are many — but now might still be the time to buy UK government bonds
Gap between borrowing costs of most and least risky debt widens as traders fret over impact of high US interest rates
UBS survey also finds reserve managers expect higher US deficit under a Donald Trump presidency
Prabowo Subianto’s brother is confident country can retain investment-grade rating if government boosts tax revenue
Investors face a wide-ranging estimate of losses on loans to Pluralsight after demand for its training videos fell
People’s Bank of China tries to stem rush into sovereign debt amid weakening economy
Repeat of positive market outcome from former president’s first term is certainly possible
UK asset management group hires Andrew Chorlton from Schroders as replacement
Stasis, squabbling and posturing mean results may be more a surprise in style than substance
Only two climate-related proposals received majority support this year, and no diversity initiative cleared 50%
How investors should adjust the traditional 60/40 investment split
Case is part of a flurry of lawsuits over socially conscious investment decisions
Electoral upheaval and flagging growth are putting spotlight on debt vulnerability
The US buyout group has become one of the biggest buyers of a fast-growing type of risk transfer product
World’s biggest asset manager attempts to balance the demands of European and US clients on decarbonisation
First-half activity boosted by companies bringing forward deals to avoid pre-election market volatility
Biden climate adviser John Podesta sits down with Moral Money to explain the administration’s shift in thinking
Officials are increasingly uncomfortable with a rally pushing borrowing costs to lowest level in decades
Overseas bondholders have discovered to their cost that they have little recourse in the Chinese system when boom turns to bust
Bolder reform of retirement funds is a contentious part of attempts to reboot Britain’s capital markets
The $10.5tn money manager emphasises investor choice after a backlash to its advocacy for sustainable investing
Political powers in France and UK need to demonstrate competence that keeps markets on side