
What We’re Watching: The upside of not being CLOsed minded
The team takes a trip down memory lane and discusses how staying open minded in the aftermath of the Global Financial Crisis allowed them to access highly attractive investment opportunities which other investors refused to even consider. The team draws parallels with the pricing of Collateralised Loan Obligations today arguing that they still offer additional returns as a result of a lingering negative perception connected to the performance of other structured finance securities during the GFC.

What We’re Watching: Opening up about our cyber (In)security
In this thought piece we discuss insecurity about cyber security, a risk factor that is increasingly relevant but remains underappreciated. We explore how to consider cyber risk in due diligence of individual investments, in portfolio construction, plus how to assess an investment manager’s preparedness to manage cyber risk at the fund level.

What We’re Watching: Our quarterly review of markets – December 2023
We provide our quarterly around-the-grounds perspective on public and private credit markets discussing the year that was plus the rates fuelled rally in risk markets which took place against a backdrop of deteriorating fundamentals.

What We’re Watching: CIM’s review of 2023
CIM end 2023 with the team reviewing some of their favourite books, podcasts, Twitter follows and financial markets research. We hope you will find some interesting recommendations to enjoy over the holiday break.

What We’re Watching: What is the Fed’s Senior Loan Officer Survey and what is it telling us?
This month we discuss the Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices otherwise known as the SLOOS. We highlight how it has historically provided a strong indication of recessions and market drawdowns and highlight where the tightening in bank lending standards is most pronounced.

What We’re Watching: Our quarterly perspective on public and private credit markets, APRA’s stance on bank capital and the ongoing pressures facing the non-bank lending sector.
Our quarterly perspective on public and private credit markets, APRA’s stance on bank capital and the ongoing pressures facing the non-bank lending sector.

What We’re Watching: The hidden value in securitisation warehouses
We discuss warehouse lending, a sector which is receiving greater interest from global private credit investors despite not being particularly well understood.

What We’re Watching: The dangers of long COVID
We discuss how many companies are still suffering the after effects of the COVID pandemic making them particularly susceptible to the combination of a slowing economy and persistently higher interest rates.

What We’re Watching: Our quarterly review of markets – June 2023
We provide our quarterly around-the-grounds perspective on public and private credit markets covering the sharp rebound in financial credit, signs of stress in corporate credit markets and the worsening outlook in commercial real estate.

Accessing a 6.7% yield without the volatility and uncertainty of equities
In this Livewire ‘Fund in Focus’, Pete Robinson discusses the Challenger Credit Income Fund and outlines why private credit is a great diversification option for today’s income investor.

Regaining Balance: Navigating Uncertainty in Private Credit Investing
In this article, Sid Kumar, Head of Acquisition Finance at Challenger Investment Management discusses how lenders are getting some of the balance back when it comes to private credit investing in current macroeconomic conditions in Australia. Kumar highlights tightening lending conditions, stricter loan requirements, and the importance of selecting experienced managers to navigate through uncertainty.

Could ESG investment fall to the wayside when cost-of-living bites?
With individuals tightening their belts across the board, could responsible and ESG investment fall down the list of priorities? Pete Robinson flagged that cost-of-living and ESG investments did not need to fundamentally be at odds.