Editor’sletter

In the fixed-income markets, milestones are continually surpassed, and as such the paradigms that exist in scrutinizing the marketplace must always evolve. Thus, it seems apropos that we are bringing you two features this month that go above and beyond the typical length and in-depth analysis that you’ve come to expect from stories in US Credit.

A seismic shift that everyone in the credit markets has been getting up to speed with over the past few years has been the unbridled growth of the credit default swap market. So on page 36, you will find a feature story outlining the players and the platforms in the nascent market of electronic trading platforms in the CDS arena.

As you’ve undoubtedly already noticed from the cover, inside you will also find a profile of Goldman Sachs Asset Management’s emerging markets group, a top 10 performer among all fixed-income categories, which rose 13.56% through November 24. Starting on page 26, you will read about the personalities that are at the core of driving this fund’s returns, and how those returns have been realized.

Richard A. Bravo, Editor