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We show that insurance companies have almost nonupled their investments in collateralized loan obligations (CLOs) in … the post-crisis period, reaching total holdings of $125 billion in 2019. The growth in CLOs' investments has far outpaced … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO …
Persistent link: https://www.econbiz.de/10012703468
We show that insurance companies have almost nonupled their investments in collateralized loan obligations (CLOs) in … the post-crisis period, reaching total holdings of $125 billion in 2019. The growth in CLOs’ investments has far outpaced … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO …
Persistent link: https://www.econbiz.de/10013216628
We show that insurance companies have almost nonupled their investments in collateralized loanobligations (CLOs) in the … post-crisis period, reaching total holdings of $125B in 2019. The growthin CLOs’ investments has far outpaced that of loans …, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO tranches derived from …
Persistent link: https://www.econbiz.de/10013218675
Over the years, Institute research has shown active managers, even the best-performing ones, suffered periods of weak returns relative to benchmarks and their peers. But underperformance, up to three years, had relatively little impact on the best-performing funds' ability to deliver success...
Persistent link: https://www.econbiz.de/10013015175
InvestorLit is a subscription service providing reviews of institutional investment literature. The reviews cover a wide range of investment topics and are published online. Bruce Grantier, founder of InvestorLit, is a member of the Brandes Institute Advisory Board. Members of the InvestorLit...
Persistent link: https://www.econbiz.de/10013009939
In a lively roundtable debate, members of the Brandes Institute Advisory Board (BIAB) and guest speaker Brad Case discussed the pros and cons of private equity and whether the investment class is a viable alternative.While some Board members shared their successes, Case cited challenges in the...
Persistent link: https://www.econbiz.de/10013009964
Passive investing, particularly in emerging markets, has become an increasingly popular means of quick, “diversified” exposure to a particular segment of the markets. Flows into passive emerging market products have been so strong that assets in exchange-traded funds (ETFs) designed to...
Persistent link: https://www.econbiz.de/10013010019
The goal of this paper is to provide a critical overview of Moroccan insurance/pension fund investments in alternative … imposed by the regulator are not the real reasons why insurance companies / pension funds in our database reduce their … investments in the alternative asset market. The results also show that the barriers that deter Moroccan insurance/pension funds …
Persistent link: https://www.econbiz.de/10012321180
Insurance companies often follow highly correlated investment strategies. As major investors in corporate bonds, their … following a rating downgrade. Reflective of fire-sale risk, clustering of insurance companies in a bond has significant … bond yield spreads is more evident for bonds held to a greater extent by capital-constrained insurance companies, those …
Persistent link: https://www.econbiz.de/10012936328
(leverage, liquidity risk and maturity mismatch, complexity and government regulation) associated with systemic risk are … assessed for the insurance sector. A distinction is made between the core activities of insurers (e.g., underwriting, reserving … counterparty credit risk. New and proposed state and federal regulation are reviewed in light of the potential for systemic risk …
Persistent link: https://www.econbiz.de/10013064340