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CLO managers laud market’s shift away from direct lending
1 month ago
This year’s annual SFVegas shindig had a record 8,900 registered delegates, and every CLO panel included a discussion of two key themes, including the highly publicised fight between the broadly syndicated loan space and private credit lenders. -
Plenty more US CLOs in the CCC as buckets pass 5%, finds S&P
1 year ago
US CLO triple C baskets have nudged to 5.02% in November from 4.4% the prior month -
CLO resets drive equity returns to highest in five years: JP Morgan
2 years ago
Equity investors in US CLOs are earning, on average, the biggest returns of the past five years, finds JP Morgan – with deals reset this year having done most to raise the numbers -
Two analysts poised to join Onex as it expands in European credit
2 years ago
Onex Credit Partners is adding research analysts in London -
US CLO portfolio manager set to join fast-growing Redding Ridge
2 years ago
A US CLO portfolio manager is set to join Redding Ridge Asset Management next month, taking the firm's CLO PM roster to three -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
3 years ago
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios -
Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
4 years ago
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further). -
S&P puts 48 triple C-heavy CLOs on negative watch
4 years ago
A spike in loan assets rated triple C as a result of the coronavirus pandemic has led S&P Ratings to put 48 CLO tranches on negative watch -
S&P adds to CLO negative watch list as loan downgrades pick up
4 years ago
Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
Experienced CLO PM Bowers launches asset manager with private equity backing
4 years ago
Jonathan Bowers, a former partner and senior portfolio manager at CVC Credit Partners, has established an asset manager in partnership with a private equity firm -
Former Apollo co-head of credit lands at MidOcean as credit CIO
4 years ago
MidOcean Credit Partners has hired Dana Carey as chief investment officer -
Investcorp hires ex-Medley structured credit head as John Fraser retires
5 years ago
Investcorp has appointed a CLO specialist as co-head of US credit, following the retirement of the firm’s previous sole US credit head -
European CLO PM rumoured to be joining CIFC from large asset manager
5 years ago
CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring the head of European performing credit at a large global credit firm -
2018 US CLOs are highly ramped at closing, but this could decline, says Fitch
5 years ago
New US CLO portfolios at closing have been ramped by over 83% on average every month this year, according to research from Fitch Ratings -
Bain makes double hire to its London office
7 years ago
Bain Capital Credit has raided two hedge fund managers for loans and distressed debt talent -
GSO's head of European CLOs set to leave the firm
7 years ago
A well-known figure in the European CLO market is stepping down from his role at the largest CLO management firm in the industry -
Insurer hires from 3iDM as it plans move into US CLO management
7 years ago
An insurance company in New York is looking to build a CLO management business and has hired a portfolio manager from 3iDM to supprt the cause -
Oaktree appoints co-heads of European credit as CLO official moves on
7 years ago
Oaktree Capital Management has promoted two long-serving employees in London who will now jointly lead its European credit team. This comes as the firm's head of European CLOs prepares to leave in order to pursue an opportunity on the US west coast -
Hedge fund manager bolsters its team by hiring CLO specialist
7 years ago
A New York-based structured credit fund manager has drafted in a seasoned CLO investing pro -
Drama plays out in Jefferies’ CLO group
7 years ago
Jefferies is said to be committed to its new issue US CLO business after a recent episode which saw New York-based Erez Biala leave the bank -
Former Highland CLO trader rejoins Marv to lead secondary CLO effort
7 years ago
Broker-dealer Marv Capital has hired former Highland Capital CLO trader Alexey Dronov to lead its structured credit sales team -
Och-Ziff's head of CLOs to join major structured credit player
8 years ago
Och-Ziff Capital Management’s head of performing credit and CLO portfolio manager is tipped to join a large CLO investment firm, according to sources close to the matter -
CLO veteran leaves Oak Hill in New York after eight years
8 years ago
An experienced CLO investor, who previously worked at Lehman Brothers, has left Oak Hill to pursue interests outside of the CLO market
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