This year we are giving 20 awards to managers of CLOs, credit hedge funds and direct lending funds from across the industry and the globe, representing a wide range of strategies and styles. Up to four finalists in each category will be revealed in the April issue of Creditflux. But you will need to wait until the night of 9th May for the winners to be unveiled.
The credit fund awards are based on a methodology that rewards performance weighted by volatility relative to a fund’s redemption profile. Funds are entered for the awards automatically, provided their returns are listed in Creditflux’s monthly performance listings.
CLO performance is assessed based on a combination of six metrics: change in OC cushion, weighted average rating factor, weighted average spread, weighted average price, and size and volatility of equity distributions. To enter, CLO managers must submit access to trustee reports since inception for their deals. The data will be available on our CLO database, CLO-i, to ensure full transparency. Once more, categories will cover deals that priced last year, active deals within their reinvestment period, and deals that were called in 2017.
Managers currently overseeing three or fewer eligible deals will qualify as a ‘boutique CLO manager.’ For the ‘best manager’ awards firms must submit all deals within their reinvestment period to qualify. Deals are eligible as 'called' if their redemption date was during 2017. For a full list of categories, please see the list below, and to enter please fill in the attached submission forms, and submit them, alongside access to trustee reports, to firstname.lastname@example.org. For further queries, please contact Sam Robinson at email@example.com or +44 (0)20 3741 1377. Deadline for entries is 23 February.
To book to attend the Symposium, the conference that takes place earlier in the day, please go to creditflux.com/Events. If you are a fund manager or a sponsor you are eligible to purchase a table at the Manager Awards. Please contact firstname.lastname@example.org or call +44 (0)20 3741 1375 for information on tables or becoming a sponsor or manager partner at the event.
Our Direct Lending Awards are calculated based on a combination of net IRR, leverage calculations, and capital deployed. If you are interested in submitting download the submission form here, or for more information contact Sam Robinson, email@example.com
|Best credit multi-strategy fund|
|Best new US CLO|
|Best corporate long-short fund|
|Best US direct lending fund|
|Best European direct lending fund|
|Best new European CLO|
|Best structured finance fund|
|Best CLO boutique manager|
|Best closed-end CLO fund|
|Best US CLO|
|Best US high yield fund|
|Best European CLO|
|Best CLO fund|
|Best US CLO redeemed in 2015|
|Best European high yield fund|
|Best European CLO redeemed in 2015|
|Best Ucits credit fund|
|Best US CLO manager|
|Best European CLO manager|
|Creditflux Manager of the Year|
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