BSIC | Bocconi Students Investment Club
  • Articles
    • Markets
    • Corporate Finance
  • The Team
    • Members
    • Alumni
  • About Us
  • Gallery
  • Join Us
  • Contacts
  • Subscribe
  • Collaborations

credit

Markets

Systematic Credit Trading using Recurrent Neural Networks

Download PDF Introduction In this article, we determine whether recurrent neural networks can unlock any meaningful predictive power from a given feature set in forecasting corporate bond returns – or if the data is too noisy to yield reliable predictions. We explore whether these forecasts can be leveraged into building Read more…

By BSIC, 2 months30 March 2025 ago
Corporate Finance

Drahi’s Dilemma: How Altice is Fighting to Stay Afloat

Download PDF Introduction Altice, a multinational telecommunications and media conglomerate founded by Patrick Drahi in 2001, has developed into a diverse portfolio of businesses across telecommunications, broadband, media, and IT services. With operations spanning Western Europe, the US, Israel, and the Caribbean, Altice’s growth has been driven by a series Read more…

By BSIC, 6 months24 November 2024 ago
Markets

Integrating and Mixing in Credit (and Equities?)

Download PDF Introduction This article expands on BSIC’s previous work on systematic credit by investigating further the use and implementation of factors in the investment-grade corporate bond market. The article starts by discussing the definition of factors used in the analysis and presents two different approaches to the construction and Read more…

By BSIC, 6 months24 November 2024 ago
Markets

A Systematic Approach to Credit Investing

Download PDF Introduction In this article we present a systematic, factor-based approach to credit investing. Our aim is to give the reader a wholistic view of the process that brings to life a systematic investment strategy: from the collection of data, a non-trivial task within the credit space, to the Read more…

By BSIC, 1 year5 May 2024 ago
Corporate Finance Markets

Markets x CF: The Current State of High-Yield Bonds with a Primer on Restructuring

Download PDF Introduction In a high interest rate environment, firms have to face new challenges to their capital structure and adapt to higher financing costs. Highly leveraged firms now confront more than substantial interest expenses and difficulties in refinancing. More borrowers now turn to private credit due to its additional Read more…

By BSIC, 1 year3 December 2023 ago
Markets

Exploring Opportunities in the Bank Subordinated Debt Market

Download PDF Introduction While interest rates were still stuck at historic lows in Europe, news broke in June 2022 that Credit Suisse was about to issue a contingent convertible bond at a yield level of close to 10%. The peculiarity with this type of security is that it is converted Read more…

By BSIC, 2 years26 February 2023 ago
Markets

Trading the Credit Markets in a Rising Rate Environment

Download PDF Introduction: Fixed Income Markets Performance High inflation and rising interest rates have governed the credit markets in 2022. Year-to-date, high yield bonds are down approximately 16% and investment grade bonds are down approximately 23%. The 2022 macroeconomic environment has wiped away the strong recovery seen by the credit Read more…

By BSIC, 3 years30 October 2022 ago
Markets

WHAT DRIVES CREDIT? Understanding the Cross Section of Expected Corporate Bond Returns

Download PDF Abstract While the literature investigating risk premia driving the cross section of stock returns is extensive, fewer studies analyze corporate bond returns. We set out to understand which factors and firm characteristics command a premium in terms of expected returns on corporate bonds, both in the investment grade Read more…

By BSIC, 3 years10 April 2022 ago
Markets

Curve Trading with Structured Products

Download PDF Introduction Structured products are complex OTC derivatives which offer a glance into some of the deeper aspects of pricing; they are hedged with vanilla products where possible, almost always leaving basis risk, the management of which is the art of making markets in SPs. These products are very Read more…

By BSIC, 4 years19 September 2021 ago
Corporate Finance

The Private Credit Boom: The Next Big Thing in the Alternatives Market

Download PDF Introduction Private credit denotes any debt or extended to privately held companies. It comes in many different forms, but often involves non-bank firms making loans to private companies or purchasing their debt on the secondary market in a variety of ways. To be more specific, Private credit, also Read more…

By BSIC, 4 years18 April 2021 ago
Corporate Finance Old Articles

Private Equity surfs the new debt wave

Private Equity Industry Overview Private equity is like home flipping, but with large corporations instead of dilapidated houses from the 1970’s. Only rather than having profits in the tens of thousands, it’s in the tens of millions. The private equity industry, pioneered in the 1970’s by the likes of KKR Read more…

By BSIC, 7 years4 November 2018 ago
Fixed Income Markets Old Articles

LIBOR on the Rise: The Tale of Two Laws

The past summer has been quite hot: we saw unexpected Brexit, Turkish failed coup, the presidential campaign in the US is on the peak, and EMs are bursting out of inflows. On the backdrop of all these events, one very interesting trend may have left out of the scope of Read more…

By BSIC, 9 years2 October 2016 ago
Corporate Finance Old Articles

Speculators’ Eyes Are Back On The Mediterranean: Will Greece Provide An Investment Opportunity to PE Funds and Hedge Fund Managers?

1. What’s Going On In Greece 1.1 Global Financial Crisis, Sovereign Debt Crisis and the Troika Greece is a country that witnessed big changes in the last years. 2008 was the year when the Global Financial Crisis exploded, changing the world for all of us. 2009 saw the burst of Read more…

By BSIC, 11 years17 May 2014 ago

[instagram-feed]

Follow Us

  • Disclaimer
  • About Us
  • Join Us
  • Contacts
  • Subscribe
  • Privacy Policy
  • Cookie Policy
Hestia | Developed by ThemeIsle