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Article: Sovereign Wealth Funds Invade Lev Finance Shores.(News)
- Article from:
- Bank Loan Report
- Article date:
- December 1, 2008
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Byline: Richard Kellerhals
If Paul Revere were a leveraged loan or bond salesman, he'd probably say forget about the British (they're already here) and call out, "The entire world is coming!"
Some sources say that the leveraged finance market is being invaded by sovereign wealth funds looking for long-term investments. They adduce the historically low prices in the market as the primary reason for the new wave of such investors, but they also say funds around the world have recently changed their allocation strategies to be more aggressive and invest in alternative assets. What this means is that, like the pension funds coming around to the leveraged ...