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Article: SWFs Eyeing Leveraged Finance; Though not yet a fixture, sovereign wealth funds represent possible source of investment funds.(Leveraged Finance)(sovereign wealth fund)
- Article from:
- Investment Dealers' Digest
- Article date:
- December 1, 2008
- Author:
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Byline: Richard Kellerhals
If Paul Revere were a leveraged loan or bond salesman, he'd probably say to forget about the British (they're already here) and call out, "The entire world is coming!"
Market sources say that the leveraged finance market is being invaded by sovereign wealth funds looking for long-term investments. They adduce the historic low prices in the market as the primary reason for the new wave of 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 finance ...