Christopher Faille
The deal is part of a broad trend of refinancings for US mid-market businesses.
The approval of Celsius’s reorganisation allows for the release of some $2bn in cryptocurrency, and frowns on a creditor’s reliance on AI.
-80x80.jpg "Manulife agrees to buy CQS for an undisclosed sum")
Asset managers  see synergy in CQS’ investment process and Manulife’s broader footprint.
CEO Schwartz says the firm is focusing on private credit, and notes that the global credit business has nearly tripled in the past three years.
CEO Arougheti and CFO Phillips strike optimistic notes of scaling 'vintage after vintage'.
In a split-screen moment, defaults are down but speculative defaults are up. Moody’s forecasts spec default rate will peak at 4.7% in early 2024.
The path ahead for 2024 looks murky, but some managers foresee a revival in volume.
The world of blockchain development and innovation continues, regardless of recent blow-ups and courtroom drama.
New study from Percent and Coalition Greenwich sees a doubling in AUM for the asset class to some $2.7trn.
Report offers hopeful view of near future for non-bank sources of credit.
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