CLO income fund Volta Finance Ltd (LON:VTA / LON:VTAS) is the topic of conversation when Mark Thomas, Analyst at Hardman & Co joins DirectorsTalk Interviews.
Mark talks us through his latest report on the company entitled “Hardman presentation: carpe diem”.
Mark discusses the higher cashflows, inflation, and higher interest rates and what the Q&A session covered.
While issuance levels might continue to be lower than expected, the European CLO market continues to perform well according to Fitch. It has been two years since it downgraded a European CLO rating and the underlying numbers suggest
The world of finance has always been a complex and ever-evolving landscape, with new financial instruments and investment strategies emerging regularly. One such area that has seen significant growth in recent years is structured product investing. These financial instruments, which
The first joint publication between Yield Book and Refinitiv LPC is now available. This paper covers what a Collateralized Loan Obligation (CLO) is, why it’s a compelling structured product, and how it fits into the broader leveraged market.
The European collateralized loan obligation (CLO) market experienced positive news last week, with two new deals announced. There also seems to be increased activity in the UK commercial real estate (CRE) sector, including plans to renovate Liverpool Street
Alternative investments are gaining traction. An estimated 80 percent of young investors are allocating more of their portfolios to investments that fall outside of the more classic categories like stocks and bonds, a study from Bank of America in October
Hardman and Co’s Mark Thomas discusses Volta Finance Ltd in this exclusive interview with DirectorsTalk.
The LSTA and event co-host DealCatalyst are excited to announce a new partnership on a premier industry event for the broadly syndicated CLO and leveraged lending market. The LSTA serves as the industry trade association and voice of the syndicated loan
Volta Finance (LON:VTA) is the topic of conversation when Mark Thomas, Analyst at Hardman &Co joins DirectorsTalk Interviews. Mark talks us through his recent report entitled ‘An easy guide to the benefits of CLOs’, explains what a CLO is,
Securitised credit can be a useful fixed income allocation for institutional investors who focus on book yield or those trying to match the cash flows of future pension liabilities. The asset class, which broadly consists of asset‑backed securities
Challenges in the banking system are expanding the opportunities available to direct lenders. I believe the shifts we’re seeing won’t be short-lived, but, to borrow a phrase from Oaktree Capital Management Co-Chairman Howard Marks, may represent a sea
The industry-specific terminology associated with CLOs can give the impression of a complexity to the product that belies reality, and, in our view, is unhelpful to the Volta investment case. Accordingly, in this note, we give investors a
U.S. commercial-property loans set to mature in 2023 and 2024 total nearly $900 billion. Against a backdrop of higher borrowing costs, falling prices and an increasingly risk-averse attitude among traditional sources of financing, these mortgages are coming due in a tougher
What are leveraged loans? About five years ago in episode 205, we discussed a rather obscure asset class that goes by multiple names. The names include leveraged loans, syndicated bank loans, floating rate loans, or senior loans. These are loans
Volta Finance Ltd (LON:VTA) has published its results for the six month period ended 31 January 2023. The half-yearly financial report can be found below: CHAIR’S STATEMENT Dear Shareholders The past six months have been challenging on a
The collateralized loan obligation (CLO) market is returning to a healthy issuance pace, after pausing briefly in the wake of regional-bank and Credit Suisse failures. However, jitters remain that further disruptions could be in store, and the meager
New York-based firms Marathon Asset Management and Deerpath Capital Management have closed on over $900 million in new collateralized loan obligation offerings in recent weeks as demand for collateralized products picks up alongside interest rates moves. Earlier this
When it comes to financing a transaction, there are a variety of financial instruments available in the market including mortgages or overdrafts which consider the creditworthiness of the borrower. However, there are borrowers in the market with unique
Volta Finance Ltd (LON:VTA) has announced a first interim dividend for the financial year commencing 1 August 2022. The Company announces that it has declared a quarterly interim dividend of €0.13 per share payable on 27 April 2023 amounting
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