Investors’ group Elfa splits from Afme
Leveraged credit investor group the European Leveraged Finance Alliance, which started this year supported by the Association for Financial Markets in Europe, has parted ways from the larger organisation, following a six month trial period.
Divisions within Afme reached a peak early last year, with some buy-side firms calling for the trade body to do more to preserve covenant protections in high yield bond offerings. Certain investors had been sending Afme open letters asking for firmer statements on market practice, starting as early
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