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CLOs continue to rally on busy day in secondary market
8 years ago
Despite the Easter break in Europe, Monday was a busy day for US CLO traders as several b-wics surfaced in the secondary market. -
Citi loses big-hitting CLO trading chief in New York
8 years ago
Citi has become the latest bank to lose a top CLO trader, according to sources close to the matter -
CLO tranche investor parts company with BlueCrest in New York
8 years ago
A well-known CLO investor has left BlueCrest Capital Management, according to well-placed sources -
Hildene makes senior hire as it prepares secondary CLO push
8 years ago
A high-level CLO trader has resurfaced at Hildene. The Stamford-based manager is building its infrastructure in anticipation of further distress in the CLO market -
Oak Hill hires bank's former CLO trading head in New York
8 years ago
Sources have told Creditflux that Oak Hill Advisors has pulled off a major coup by hiring a well-known CLO trader to its New York offices -
Investors bid up CVC Credit CLO as double-B spreads tighten
Double-B CLO prices are staging a recovery in the secondary market, according to buy-side sources -
Triple-A-rated 1.0 tranche trades north of 250bp in CLO secondary
8 years ago
A legacy KKR CLO, which is a prime call candidate, saw its originally single-A tranche (now rated triple-A) traded at a discount to par yesterday. -
THL trading gains flow to equity on first payment date
8 years ago
THL Credit Advisors' 2015 CLO, Wind River 2015-2, has recorded an impressive first payment to equity, according to CLO-i -
Forced-seller rumour leads to derisory price talk in CLO secondary
8 years ago
Plummeting CLO net asset values and rumours of a forced seller caused secondary market price talk to hit new lows on Friday, as two single-B tranches circulated with price talk of 10 cents in the dollar -
CLO investors pile in with above-par bids for unusual Prudential deal
8 years ago
It is rare that a CLO 1.0 tranche trading above par in the secondary market is considered cheap, but sources say one 2006 vintage bond fit that profile yesterday -
Double-B spreads hit 1,500bp in tough secondary market
8 years ago
CLO mezzanine paper took another battering in the secondary market yesterday, as two 2014 double-B tranches traded wide of 1,500 basis points -
Fund manager increases exposure to NYL Investors' 2015 CLO
8 years ago
A structured credit fund made €3.9 million of CLO purchases last month, in a bid to take advantage of widening spreads in the secondary market. -
Macquarie hires former RBS CLO trader in London
8 years ago
Macquarie has hired a former RBS CLO trader for its principal investments business in London -
Highland hires CLO trader from corporate treasury giant
8 years ago
Dallas-based asset manager Highland Capital has hired a CLO trader to fill the gap left by Alexey Dronov, according to well placed sources -
Brevan Howard recruits CLO trading chief in structured credit push
8 years ago
The former head of European CLO trading at a major bank is one of two top-level hires made by Brevan Howard -
Brokerage with big plans snaps up ex-Deutsche Bank CLO trading chief
8 years ago
A New York-based brokerage has pulled off a major hire by attracting one of the CLO market's leading traders -
Former Deutsche Bank CLO prop trader resurfaces at hedge fund giant
9 years ago
A prominent hedge fund manager has been building up in structured credit and has now hired a seasoned CLO trader in New York -
Nomura hires former RBS official to trade CLOs in London
9 years ago
Market sources say that Nomura has added another trader to its CDO team in London -
Barely one-quarter of CLOs own TXU as it goes into bankruptcy
9 years ago
CLOs have steadily sold loans from the former TXU (now known as Energy Future Holdings) ahead of the energy company's widely expected bankruptcy filing yesterday -
Chenavari asks for investor approval to make par-boosting CLO switch
10 years ago
Alpstar CLO 2 looks to improve its OC coverage by trading a 2020 bond for recently issued term loans -
Banks clear out legacy CLO inventory in busy interdealer auction
10 years ago
Last week CLO traders took part in the latest round of dealer-to-dealer b-wics, which showed banks taking a fresh stance towards the auctions -
Cantor confirms arrival of European structured credit specialist
10 years ago
Cantor Fitzgerald has today announced the hire of Sheil Aggarwal to its European structured credit trading desk – confirming a Creditflux report from earlier this week -
StormHarbour hires CLO trader in New York, sources say
10 years ago
Sources say that StormHarbour has brought in a CLO trader, who started working at the firm this week. -
Distressed buyer calls CLO despite failing to make double digit returns
10 years ago
The distressed buyer of a 2005 CLO's equity turns a profit but fails to make a killing -
B-wic Tracker update: prized euro CLO equity piece goes on the block
11 years ago
Bids are due by tomorrow, 10am New York Time, for €4 million of European CLO paper (see CLO-i B-wic Tracker 30 November 10am).
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