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Apollo picks up two hires from Bank of America
1 month ago
Investment bankers Tomasz Gruszka and Murad Khaled have joined Apollo and an affiliate from Bank of America -
AlbaCore expands with senior research hires
5 months ago
London-based AlbaCore Capital Group announced the expansion of its investment team last week, with the addition of a new Head of Research -
Hayfin appoints new US CLO head
10 months ago
Hayfin Capital Management has announced it has recruited Peter Swanson to head its High-Yield and Syndicated Loans team in New York -
Sterling-denominated leveraged debt faces greater challenges than euro, says Fitch
1 year ago
UK loans and bonds are facing greater challenges than issuers from other European geographies including bigger operational and capital market challenges, according to new research from Fitch Ratings -
CLO PM tipped to join CVC in trading/capital markets role
1 year ago
The hire is understood to reflect the fast growth of CVC's CLO and performing credit business in Europe -
Structured credit pair among 61 to earn promotion at Carlyle
1 year ago
Carlyle has promoted two members of its US CLO team among 61 new partners and managing directors -
Fitch raises European default rate assumptions with loans in tougher spot than bonds
1 year ago
Analysts at Fitch Ratings have raised their base-case leveraged loan default rate for end-2023 in Europe to 4.5% from 3.5%, and their severe-case rate to 6% -
Private equity firms are becoming CLO converts: TwentyFour
1 year ago
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense" -
Onex points to "variety of personal and market" reasons as it addresses CLO exodus
2 years ago
Onex Credit Partners has responded to questions about the stream of professionals that have left in the last few months -
Beneath the triple C: CLOs take first knock since covid scrapes
2 years ago
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May -
Defaults should keep low despite looming recession, says TwentyFour
2 years ago
Corporate default rates should remain low even as the chance of a recession looms larger, according to a new report from TwentyFour Asset Management -
European CLO managers aim for bigger bond bucket fix
2 years ago
European CLO managers are eyeing larger fixed rate bond allocations amid dislocation and lower loan supply. This has, in turn, led to an increase in fixed rate tranches -
Elfa launches ESG exclusion checklist to streamline process for CLO managers
2 years ago
The European Leveraged Finance Association has launched an environmental, social and governance exclusion checklist, which it says is designed to “streamline the negative screening and exclusion” for CLO managers -
Key CLO official earns promotion to managing director at Z Capital
3 years ago
Z Capital Group has promoted two members of its investment team in New York, including a central figure on its CLO management platform -
CLO demand to drive loan outperformance over bonds: BNP Paribas
3 years ago
The buying power of CLOs and funds could mean leveraged loans rally further and outpace high yield bonds, says BNP Paribas' credit research team -
CLO PM set to leave PGIM ahead of move to London-based manager
3 years ago
A London-based mid-sized CLO manager has hired an official from PGIM -
BofA and State Street divided over CLO convertibles
3 years ago
A split has emerged in the approach between the two big buyers of triple A-rated CLO tranches that are structured as loans -
CME touts forward-looking Sofr term benchmarks
3 years ago
CME Group has begun publishing term benchmarks for the secured overnight interest rate (Sofr) as part of the global push to move away from Libor in financial markets -
CLO managers eye bonds as short-dated loan universe shrinks
3 years ago
European CLO managers that focus on bonds say they had flexibility in the first quarter as the new issue loan pipeline ramped up -
Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
3 years ago
22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i -
Europe leads corporate credit rally, but US outperforms in CLOs
3 years ago
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year -
Guernsey puts Highland wrangles out to pasture
4 years ago
A royal court’s dismissal of proceedings in Guernsey could spell the beginning of the end in Highland Capital Management’s legal action against former employee Josh Terry -
Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
4 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 -
Onex hires Jaber as it launches CLO investment business
4 years ago
Onex Credit Partners has hired Ronnie Jaber to start a CLO investment business in New Jersey, according to an announcement today -
It's confirmed: loans are not bonds in " victory for the flow of capital to American businesses"
4 years ago
You're a loan. No, nothing to do with lockdown and social distancing. It's actually a victory for the $1.2 trillion US loan market as a court ruling finds that loans are not securities in the long-running Kirschner v. JP Morgan Chase case
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