Key Points
Some of the worlds largest asset managers raised their holdings of Adani Group dollar bonds last year after the unprecedented rout sparked by Hindenburg Research...
BlackRock Inc. held $125 million of dollar bonds at par value, double its position from the end of 2022, while holdings by State Street Corp. surged more than 50% during the period to $16 million, if calculated at par..
Lombard Odiers holding rose 20% to nearly $140 million, while Neuberger Berman Group LLCs increased about 42% to just over $40 million, according to data compiled by Bloomberg as of Jan. 23...
Neuberger Berman did increase holdings in the bonds, in light of discussions with company management, the quality of its assets and their stable cashflow, strong counterparties such as government agencies and manageable leverage, Alexander Samuelson, head of media relations, said...
In some cases investors moved money from the bond of one unit to that of another.. Doubleline Capital LP and Jupiter Fund Management Plc also boosted exposure to Adani debt, as the depressed prices of the groups dollar debt likely provided a buying opportunity...
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