European Credit Management ECM, a $12 billion fixed income fund house based in London, is introducing a leveraged loan fund that offers investors access to BB-rated European credit in a more efficient manner than bonds.
Matthew Craston, ECM's head of leveraged loans, is now touring Asia to drum up support from banks and other institutions for the product's July launch. Craston joined ECM in January from UBS he has 20 years of syndicated loans experience at UBS and JPMorgan Chase. He says interest among some Asian investors is keen because leveraged loan products do not exist in this region.
The leveraged i.e. sub-investment...
