Credit where credit is due

Charlotte Valeur, chairman of BH Credit Catalyst, assesses the benefits of accessing credit markets via closed-ended vehicles and explores some of the more specialist strategies on offer.

Investors looking to gain exposure to credit markets have a wide variety of strategies to choose from. However, the complexity of the strategies on offer is increasing, with new derivatives and structures emerging frequently. So, what is the best way to access them? Depending on the size of an investment and liquidity constraints, the choice is between listed or unlisted credit funds, where the investor benefits from an experienced manager deploying the capital. Listed investment companies provide an appealing way to gain exposure to credit markets and, when accessing them, will be si...