19th Feb 2024 14:22
Volta Finance - Guernsey-incorporated investment company - Says started 2024 "on a positive note", citing its fund achieving a performance of 2.8% in January. "Collateralised loan obligations delivered solid returns in January and outperformed traditional credit markets, especially US Corporates. While imminent rate cuts were priced-in, markets were caught off-guard by strong data releases and the subsequent uncertainty regarding central banks' next move. Floaters such as CLOs fully benefited from the repricing of the rates curve, capturing more income on their floating leg while credit margins tightened due to the increased demand for the asset class given the superior risk/reward profile of CLOs compared to traditional credits," Volta Finance says. Read More
