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Points up front: AI finds vital new purpose: drafting CLO poems
1 year ago
Artificial intelligence may one day give us answers to really big questions. But for now, we’ll have to make do with ChatGPT’s CLO-based poetry, as highlighted by aficionado Poh-Heng Tan. -
" CLOs do not introduce more credit risk, nor do they offer less liquidity, than comparable products"
1 year ago
The pressure facing some banks is self-inflicted. Their portfolios lack exposure to CLOs -
Past returns: Persistence pays off for Western
1 year ago
In Creditflux five years ago, we reported Western Alliance Capital Advisors was planning on moving into CLO management -
They said it: "He is one of the best – at CLOs and poker"
1 year ago
A structured credit investor absorbs the news that Debdeep Maji has left Oxford Fund -
Points up front: CLO PM to cheese-maker? You cheddar believe it
1 year ago
Hear the phrase “it’s close to maturity” and CLO investors might be put off by a bond that’s seen better days... -
"Some CLO managers are asleep at the wheel and surrendering economics without any objection"
1 year ago
Some CLO managers aren’t blocking loan amendments with insufficient credit spread adjustments -
Past returns: Making CLO triple As more secure
1 year ago
10 years ago in Creditflux, we reported on super-senior tranches being inserted into US CLOs -
They said it: "You have to question whether the vast array of CLO managers should... "
1 year ago
A credit investor questions the sheer number of CLO managers -
Points up front: Dealscribe scores eyeballs
1 year ago
The unfamiliar advent of a winter football World Cup has forced many people to choose between seasonal festivities and watching sport -
Points up front: Whatever the size, CLO performance dwarfs others
1 year ago
A graphic depicting the investment fund universe was doing the rounds on social media late in 2022... -
"With tools and data available, why do fake sellers need to abuse the b-wic process for price discovery?"
1 year ago
Penalties for CLO b-wic sellers who routinely do not trade would improve the secondary CLO market -
"CLOs could withstand another 13.4% of downgrades to triple C if the price drops to 50"
1 year ago
CLOs are well positioned, even if there are mass downgrades to triple C -
Past returns: Alhambra CLO paves the way
1 year ago
Five years ago in Creditflux, we reported that Be-Spoke Capital was launching the first SME European CLO since the financial crisis. -
They said it: "I don’t know and I don’t care about ESG"
1 year ago
One of our CLO Census responders has a strong view (or not) on ESG -
Points up front: Shhh, don’t tell! Secret CLO pricing is in progress
1 year ago
The CLO industry has come a long way in the last decade — so much so that managers can now boast of their track records and CLOs are no longer (wrongly) touted as the acronym that caused the 2008 financial crisis. But in recent weeks some CLO market participants seem to have gone back to a time when pricing a CLO was taboo -
Points up front: CLO managers didn’t take advantage of volatility, say CLO managers
1 year ago
Creditflux’s CLO Census shows CLO managers can be hard on themselves -
"Kwasi Kwarteng’s ‘mini budget’ will be remembered like a forklift truck disaster video"
1 year ago
Welshcake sees the funny side as bunga bunga returns -
Past returns: US firms become Euro CLO issuers
1 year ago
Five years ago in Creditflux we reported on CIFC Asset Management and Voya Investment Management harbouring European CLO ambitions as US issuers became accustomed to risk retention. -
They said it: "Can we have a best hair in the CLO market category?"
1 year ago
The CLO Census is nigh -
Points up front: Form an orderly queue. Or follow the celebs
1 year ago
If we have learned one thing over the past month, it’s that queuing in an orderly manner is very important to the British public. No matter your status, you simply must wait your turn. -
Points up front: Exhibit A: every single CLO slide deck ever
1 year ago
In a recent note, the National Association of Insurance Commissioners said they needed “more data to showcase that CLO pools have outperformed the loan market” -
"There is ample time and flexibility on the pathway from warehouse to securitisation"
1 year ago
A big loan sell-off does not mean CLO warehouses will be forced to liquidate -
"The equity IRRs of enhanced CLOs are nearly all in the bottom decile of the market"
High triple C CLOs sound like a good idea on paper. But in practice, they have not fared well1 year ago -
Past returns: Absolutely floorless CLOs
1 year ago
Five years ago in Creditflux we reported on the emergence of European CLO tranches without Euribor floors -
They said it: "We’ve been treated very well by our warehouse providers..."
1 year ago
A large CLO issuer gives its take on CLO warehouses
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