Nordea looks into distressed debt amid slowdown fears

If the US economy slows down, lower rated companies may struggle to refinance debt, says the head of external products at the largest asset manager in the Nordics.

Nordea Head of External Products, Anders Bertramsen | Photo: PR / NORDEA

Nordea plans to increase its offering of illiquid credit strategies, writes Nordic Investor.

“We have a non-UCITS product invested in European leveraged loans, but nothing really illiquid. The plan is now to increase the offering of illiquids by rolling out a private credit platform. This is taking some time, partly because new types of vehicles, such as RAIFs (Reserved Alternative Investment Funds, ed.) or SICAVS, need to be researched," Nordea Head of External Products, Anders Bertramsen, says to the media.

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