SmithNovak’s Post

An ”under the radar” BankInvest investment team is the best in the world for risk-adjusted returns on a 5, 7, and 10-year basis, CCO Nicolaj Holm-Christiansen tells AMWatch. The Emerging Market Corporate Debt (EMCD) team, headed up by Chief Portfolio Manager Soren Bertelsen and Senior Portfolio Manager Chresten Hagelund. #emergingmarkets #EMCD #emergingmarketcorporatedebt #fundmanager #fundmanagement #assetmanager #denmark #nordics #institutionalinvestors

💡 𝐇𝐨𝐰 𝐝𝐨𝐞𝐬 𝐃𝐞𝐧𝐦𝐚𝐫𝐤 𝐩𝐫𝐨𝐝𝐮𝐜𝐞 𝐬𝐨 𝐦𝐮𝐜𝐡 𝐟𝐢𝐱𝐞𝐝 𝐢𝐧𝐜𝐨𝐦𝐞 𝐭𝐚𝐥𝐞𝐧𝐭?   I have had the pleasure and privilege of working with some of the best performing portfolio managers in the realm of Emerging Markets (EM) fixed income. Extraordinary professionals such as Bent Lystbaek, Thomas Haugaard, Jacob Ellinge Nielsen, Sorin Pirău, CFA from Janus Henderson, Soeren Moerch in Danske Bank, Michael Hauch, Soren Bertelsen, and Chresten Hagelund from BankInvest – and many others. Their skill sets are as diverse as their backgrounds, but all share a common denominator. They are Danish!   I've also worked with equally talented individuals on the Danish fixed income side, and there is also a wealth of fixed income expertise spread throughout the Danish pension sector. These professionals achieve exceptional results and set global standards for other managers to follow. 🏆   Perhaps their success can be attributed to Denmark's robust educational system, which lays a strong analytical foundation, combined with our sophisticated mortgage bond system. 📚🔗 🏛 This system not only ties deeply into our financial infrastructure but also serves as an effective, real-world training ground for these professionals, equipping them to optimally manage and navigate risks in bond markets. 🌍   I can't say for sure what the secret is, but the results speak for themselves. 👏 If you have a qualified guess, please comment.   Well done to all these outstanding professionals for their hard work and dedication. 💪 Thanks to Anne Louise Houmann for picking up the story about #BankInvest's EMCD team.   #AssetManagement #Investments #Denmark #EmergingMarkets #FixedIncome #PortfolioManagement #BankInvest

Goldman Sachs , Mubadala sign $1 billion partnership for private credit in Asia-Pacific “Some of the investors might be underpenetrated across private credit in general, and they are looking at getting more exposure across this asset class,” James Reynolds, the head of direct lending at Goldman’s money management unit, said in an interview. “That’s where partnering with these powerful institutions creates a win-win.” #GoldmanSachs #Mubadala #PrivateCredit #FinancialNews #SovereignWealthFunds #InvestmentOpportunities #AssetManagement #MarketTrends #InvestmentPortfolio #MiddleEastInvestments #PrivateEquity #NewsAlert #MarketInsights #FinancialStrategies #InvestmentGoals #BusinessNews #IndiaNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

The 36ONE BCI Flexible Opportunity Fund has achieved 11.1% annual returns over three years with just -4% max drawdown. Tumi Loate credits the bottom-up decision-making for this success. "We take profits when we see a recovery. Flexibility is key." #investment #finance #36ONE #smartinvesting #tumiloate https://lnkd.in/dZRvWr5K

HETI RIIPORT #goldman_sachs Goldman Sachs Asset Management plans to expand its private credit portfolio to $300bn in five years from the current $130bn, according to a report by Reuters citing Marc Nachmann, Global Head of Asset & Wealth Management at the multinational investment bank.  The report quotes Nachmann in describing private credit as “the biggest opportunity set across the alternative space”. GSAM offers various private credit strategies for different tiers of investors in companies, who are repaid depending on the type of debt or equity held.

Big Wall Street investment banks and institutional asset managers, the two big players in the leveraged loan and junk bond markets, have something in common: they're losing out on deals to private credit lenders. Barclays has a solution -- teaming up with AGL Credit Management to do direct lending deals together. The tie-up would combine the UK bank’s loan origination capabilities with the credit investing expertise of AGL and would allow both firms to compete more directly with private credit funds. Fascinating story by Allison McNeely, Gillian Tan, and John Sage https://lnkd.in/ePdSZXhM #privatecredit #directlending #leveragedloans #leveragedfinance #highyield #highyieldbonds

Morgan Stanley's asset management division plans to double its private credit portfolio to $50 billion in the medium term by attracting funds from large investors. The bank has already invested over $300 million in the business, which has amassed around $25 billion in assets, primarily from institutional investors. The majority of new capital is expected to come from institutional clients, such as sovereign wealth funds and insurance companies. David Miller estimates the broader private credit market has grown as large as $2tn, with activity surging in the past two years as private lenders including Ares Management Corporation, KKR and Blackstone have moved to provide financing prompted by a drop off in traditional bank syndicated lending. Wall Street banks, however, including Morgan Stanley, Goldman Sachs and J.P. Morgan, have found ways to participate in the new market by gathering money for loans from investors instead of using their own balance sheets. #investmentmanagement #assetmanagement #privatecredit #privateequity #alternativeinvestments #privatemarkets 

Over the past three years, investors poured about $200 billion into #privatecredit funds. After strong years of #fundraising for the industry the focus of #LPs is turning to stable returns. Rising Global Defaults Will Test #PrivateCredit In 2024 by S&P Global Ratings 👉 https://lnkd.in/eBtp_Zrp ▪️The elevated #interestrates available in #privatecredit funds do not guarantee strong fund performance ▪️Preqin data tracking (IRR) shows, the sharp #rate increases in 2022 came alongside dampened fund performance for many #privatelending strategies ▪️ #Privatecredit and #directlending funds have recorded an average net IRR of 11.9% over the course of 2018 to 2023, a solid level ▪️This stability has been important for #LPs during a difficult 2022 and 2023 for #privateequity and #VC ▪️Default #Rates will likely to rise among global corporates as expensive #funding and dislocated #markets hit vulnerable borrowers testing asset quality ▪️The average rated #fund could withstand a 52% drawdown in valuations at current rating levels, although this number may be as low as 4% #markets #investing #privatemarkets #privatecredit #alternatives #interestrates #debt #directlending #privateequity #defaults #alternativesinvestment #ratings #funds #preqin #pitchbook

𝗪𝗲𝗮𝗹𝘁𝗵 𝗽𝗹𝗮𝗻𝗶𝗻𝗴, 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴, 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗮𝗻𝗱 𝘄𝗲𝗮𝗹𝘁𝗵 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 Julius Baer Group AG, the prestigious Swiss bank with over 130 years of experience in wealth management, is expanding to Portugal in 2025! 🌍✨ According to Bloomberg, Julius Baer will open the office in mid-2025 to attract the wealthiest clients in Portugal. If you're interested in exploring opportunities in the Portuguese market, feel free to reach out! 🔗 Read my full article here for free. (𝟚 𝕞𝕚𝕟𝕦𝕥𝕖 𝕣𝕖𝕒𝕕) #WealthManagement #HighNetWorth #JuliusBaer #Finance #Investment #Portugal #GlobalWealth #FinancialGoals

The T. Rowe Price OHA Select Private Credit Fund - OCREDIT - is a private credit fund available to both individual and institutional investors. The Fund is offered via a partnership between T. Rowe Price, a major investment management firm, and Oak Hill Advisors, L.P. (OHA), a leading credit-focused alternative investment manager. OCREDIT has investable capital of $1.5 billion (as of September 30, 2023) and fair value of investments of $1.15 billion (as of December 31, 2023). The OCREDIT portfolio is entirely allocated to floating rate loans (100%) and senior secured loans (100%). There is a heavy focus on first lien debt, accounting for 91% of the portfolio value. As of December 31, 2023, OCREDIT Class I shares had a 1-year return of 18.91% and ITD annualized return of 15.96%. Individual investors usually buy shares in private funds like OCREDIT through wealth managers, such as Morgan Stanley Private Wealth Management, Goldman Sachs Private Wealth Management, and Ameriprise Financial Services, LLC. Investments in private credit funds are also available via online platforms such as Moonfare and Gridline. https://lnkd.in/deg82czh #privatecredit #alternativeinvestments #alternativeinvesting #privatemarkets #privatemarket #privatefunds #privatedebt #ocredit #credit #roi #returnoninvestment #returns #privatewealth #investmentstrategies