Extending credit
Resources
Our weekly series on extended credit will profile GSC Group, Solent Capital and Wharton Asset Management among others. We will also touch upon the businesses that have sprung up around the credit industry, such as providers of specialist research
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Risk experience counts in Eaton Vance advance
Eaton Vance started buying US loans in 1989. As such, experience of previous credit downturns has kept the group from investing at the riskier end of the credit spectrum.
ECM: Bankers who believed in the euro
A decade ago, the European debt world was fragmented and still immature – and although the launch of the euro was supposed to resolve this, the single currency project seemed to be mired in doubt during most of the 1990s.
Solent creates channels of trade
This credit specialist moved up early on from trading complex derivative vehicles to devising and managing them.
GSC Group: Taking hold of the lending gap
Banks no longer dominate the lending business. One of the new breed of players filling the gap is GSC Group, a US-based credit investment firm with $22bn under management.
European venture at mezzanine level
More than 85 per cent of GSC’s $22bn of funds under management are in the US market, the group’s home turf.
How evolving lending market shapes up
The first profile in the FT's series on Extending Credit will be next week's look at GSC Group, a credit asset manager founded in 1999 that straddles the...
Introduction: New players join the credit game
For decades, the lending business changed little. Banks made loans, while other staid institutions, including insurance companies and pension funds, bought bonds. But derivative strategies and the need to spread risk have rewritten the rules of the lending business.
