Leveraged loans

While a securities-based loan is more commonly used to buy a fancy house or take a dream vacation, it's also an underused strategy for some affluent investors to pay large tax bills.

“We have to have a roadmap for how to deploy capital in this environment,” says the global head of alternatives for the firm’s asset management arm.

The major issuers of leveraged products, which trade under the ProShares and Direxion trademarks, have each posted inflows of over $2.8 billion this month.

The firm, run by Big Short protagonist Greg Lippmann, may make sustainability the linchpin of its CLO business after completing its first deal that complies.

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

Incentives to buy the products have eroded amid signs of slowed interest rate hikes from the Fed and the heightened fear of a trade-war.

Managers sold $24.6 billion of the loans in the region last year, the most since the financial crisis.

Borrowing against the value of one’s 401(k) is a great way to ride out a low-yield environment, right? Think again.