BlueBay Looks to Buy Credit Suisse Debt in EM Loan Bet
- Illiquid EM credit strategy returned 22% per year since 2021
- BlueBay shown around 10 emerging market loans a week
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RBC BlueBay Asset Management is interested in buying emerging-market debt from Credit Suisse Group AG, after posting strong returns from corporate loans in developing countries, an executive at the investment firm told Bloomberg News.
UBS Group AG has been selling chunks of Credit Suisse’s balance sheet since it agreed to buy its Swiss rival in an emergency, government-brokered deal last year. RBC BlueBay is looking closely at Credit Suisse’s loans in Eastern Europe, where it is comfortable around risks, said Polina Kurdyavko, head of emerging market debt at the firm.