These are febrile times in the debt markets, with just about everyone getting jittery about inflation and interest rates. In response, fund managers are beginning to encourage their clients back to more esoteric assets - the latest being Neuberger Berman, with the launch of a new $200m fund.

Neuberger's latest push is in bank loans - that's the loans that banks make to companies before passing the debt on to outside investors. If a fund manager buys it on behalf of their investors, this effectively means the investors are lending to the companies, with bank and fund manager acting as middle-men.