This blog is taken from the Quantifi webinar ‘Trends in Structured Credit Markets’. In the final blog in this series the expert panellists from Nomura and Brigade Capital Management answer questions from the audience covering CLOs, bespoke portfolios, the volume of index and bespoke tranches, volumes in the secondary market and the barrier to entry for new players.  Read More

This blog is taken from the Quantifi webinar ‘Trends in Structured Credit Markets’. In the second blog in this series, the panellists from Nomura and Brigade Capital Management compare Collateralized Synthetic Obligations (CSO) vs Collateralized Loan Obligations (CLOs), the aspects of short trading for CSOs, trading of whole capital structures and future prospects for the market. Read More

The investment management industry continues to grow and is undergoing a period of change, driven by regulatory developments, shifting investor preferences, cost pressures, and advancing technologies. With the launch of its Synthetic Credit Opportunity Fund, Axiom sought to replace their in-house system with an external cloud-enabled solution that provided the advanced functionality necessary to support non-standard products.  read more

Following the credit crisis of 2008, tranche trading all but disappeared; it is now back with gusto. For example, bespoke tranche trading reached $80 billion issuance in 2018, and continues to grow rapidly. Although a far cry from pre-crisis level, there are encouraging signs for the market’s revival. In the first of this blog series, Kurt Koschnitzke, Executive Director, Structured Credit Trading, Nomura and Gaurav Tejwani, Portfolio Manager, Brigade Capital Management outline the different aspects of tranche trading. Read More

Webinar with Brigade Capital & Nomura

Jefferies Group LLC selected Quantifi to support its growing structured credit business. Jefferies Group LLC (Jefferies), the largest independent full-service global investment banking firm headquartered in the U.S, is a leader in providing insight, expertise and execution to investors, companies and governments. To support this synthetic CDO business, Jefferies sought to acquire a state-of-the-art pricing and analytics solution with enhanced capabilities for synthetic structured products, instead of developing its own in-house system. read more

Rohan Douglas, CEO, Quantifi, discusses recent developments in the credit markets and how Quantifi differentiates itself from its competitors in the structured credit space. The most significant developments have been the emergence of new products (e.g. ETFs on credit indices), and the return of older products (e.g. tranches). During, and after, the credit crisis of 2008, tranche trading all but disappeared; it is now back with gusto. Bespoke tranche trading reached $80 Billion issuance in 2018, and continues to grow rapidly.  Read More

• Which tranches are more popular now: index or bespoke?
• What tenor is more popular in bespokes?
• Why invest in CSOs –vs- CLOs?
• What is the bottleneck for market increasing in size?

Ellington Management Group, an investment and advisory firm based in Old Greenwich, CT, has selected Quantifi to enhance its risk management and reporting functions for its growing credit business. Ellington’s core competencies include deep expertise in diversified credit, mortgage, and related markets, and time-honed experience developing quantitative macro and equities strategies. read more

YMER will use Quantifi to support the fund’s complex portfolios of diverse investment strategies. Quantifi was one of several providers considered by YMER. As a new fund, YMER wanted to partner with a reputable technology provider that was robust, easy-to-use and offered broad product coverage including complex assets. YMER also wanted a solution that would allow them to be up and running quickly and that could scale with the fund to meet future needs. read more