Robin Blumenthal

With the spectre of inflation continuing to rise and gold prices approaching five-month highs, investors are once again flocking to the metal. And amid the renewed interest, two firms have designed private offerings to help capture some of the potential upside, writes Robin Blumenthal.

We take the temperature of the market based on conversations with some of the asset class’s biggest fundraisers.

A Moody’s report has set tongues wagging regarding the risks or otherwise of private credit. We consider the arguments.

Management fees and assets under management surged more than 50% year over year, with the retail channel representing nearly $50bn of AUM.

Agreements with Kobalt Capital and Hipgnosis represent a continuation of a strategy that the managers have been building in music publishing for some time, and it appears likely to continue.

Economic recovery has seen inflationary concerns return for the first time in more than a decade, meaning managers must prepare for future risks. But opinion is divided, with some believing deflation is a bigger long-term concern. By John Bakie and Robin Blumenthal

The benchmark that has underpinned vast numbers of financial instruments globally is coming to an end. But there is a lively debate around what will replace it, and how suitable that replacement will be in the event of a crisis. Robin Blumenthal reports

Head of US loans and structured credit says the asset class is one of the few where modelled equity returns are higher than before covid.

North Haven Credit Partners III has exceeded its target by 29%, and will focus on junior capital investments in private North American businesses.