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Euro loan slide hits ramped warehouses as Carlyle eyes print and sprint deal
1 year ago
European loans tumbled in May, leaving CLO warehouses under pressure and causing a slowdown in primary issuance -
Investors turn to secondary market amid recession fear
1 year ago
CLOs and loans weathered a sudden sell-off in May as investors began to factor in a higher likeli-hood of recession -
US managers open new CLO warehouses at rapid rate
1 year ago
US CLO managers are opening new warehouse facilities at a rapid pace, with some sources suggesting the rate of new warehouse formation to be the fastest in years -
Fair Oaks adds to credit, CLO and marketing team in London
1 year ago
Fair Oaks Capital has hired three people to its investment team and two to its marketing team -
Problem in checkout area as CLO favourite Diebold Nixdorf slips to triple C
1 year ago
Diebold Nixdorf, an Ohio-headquartered technology firm with $538 million in debt held by CLOs globally, was downgraded to triple-C by rating agency Moody’s on Friday -
Loan dip brings longest CLO primary pause since January
1 year ago
CLO primary business has been put on pause as the market grapples with a selloff in loans, meaning no new transactions have been issued so far this week -
Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
1 year ago
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely -
Defaults should keep low despite looming recession, says TwentyFour
1 year 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 -
Sound Point promotes duo to lead US CLOs as veteran PM steps down
1 year ago
Sound Point has allocated responsibility for the US loan and CLO platforms to the pair as lead portfolio managers -
Think of the arb, say US CLO panelists after big loan drop
1 year ago
Far from being a cause for alarm, falling loan prices have brought a welcome opportunity in new CLO issuance for managers and investors, according to speakers at the Creditflux Symposium in London today -
Macro woes have dented CLO and loan outlook: Barclays
1 year ago
Rising interest rates and elevated macro volatility have negatively impacted the performance outlook for both loans and CLOs, according to Barclays credit strategists -
Loan buyers warned about rush of Sofr opt-in amendments
1 year ago
CLO managers must be mindful of loan amendments that facilitate a benchmark switch from Libor to Sofr, as they could find themselves buried in paperwork and locked into tight deadlines -
European CLO managers aim for bigger bond bucket fix
1 year 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 -
Investable universe for Euro CLOs shrinks amid inflation
1 year ago
The number of loans suitable for European CLOs is getting smaller at a time when new CLO issuers are looking to enter the market -
Tech firm eyes data-driven approach to CLO management
1 year ago
As New York-based tech firm Exos prepares to launch what it calls “the first truly tech-enabled CLO”, the specialist leading its efforts says technology could soon play a central role in CLO portfolio optimisation -
CLO market and congress plead with SEC to extend rule comment period to 90 days
2 years ago
SEC rule proposals are no page-turners: members of the US congress are looking to extend comment periods from 30 days to 90 days. Recent SEC rule proposals require commentors to read and analyse roughly 3,570 pages and respond to 2,260 individually identified questions -
Managers debate ethics of investments in arms makers
The armaments industry has for a long time been negatively perceived by CLO managers and investors alike. But Russia’s invasion of Ukraine has sparked debate on the subject2 years ago -
Attack-minded CLO managers capitalise on bearish outlook
2 years ago
Some of the most aggressive CLO managers have benefited from loan market volatility in March after having tweaked their portfolios in the months beforehand -
US loans recover but CLOs lag and issuance stutters
2 years ago
The US leveraged loan market spent the latter half of March recovering losses from Russia’s invasion of Ukraine, with prices now above where they were when the war started -
European CLO pipeline thins as investors wait for stability
2 years ago
The European leveraged loan and CLO market has yet to regain momentum following the start of the Ukraine-Russia conflict, with investors pointing to a thin immediate CLO pipeline -
CLOs look attractive after corporate rally - but not all tranches: Barclays
2 years ago
Rallying corporate cash credit spreads over the past two weeks have widened the basis with CLOs and made these products look attractive again, according to Barclays strategists -
Hidden loan tail risks and mounting single B exposure could pose problem for CLOs: Barclays
2 years ago
A solid rally for leveraged loans this week - against returning weakness in bonds - has put focus back on the market, which seemingly has little tail risk priced in. But short term support factors and a dwindling triple C bucket mask the quality skew, warn Barclays strategists in a note today - which could spell downgrades for single-B minus rated loans -
Former US CLO portfolio manager lands at BTIG
2 years ago
A former Pretium and Crescent CLO portfolio manager has landed at BTIG as managing director within the firm’s fixed income credit division -
Lakemore names CLO veteran Tiffen as independent board member
2 years ago
US control CLO equity investor Lakemore Partners has appointed a CLO and loans veteran to its board of directors -
Market participants split over biggest risk to CLOs: Creditflux US CLO Summit
2 years ago
There are potential threats to the CLO market from all angles, but during a lively opening panel at Creditflux’s US CLO Summit on Tuesday – the first CLO conference to be held in New York since the pandemic – speakers responded to a poll showing 67% of audience members felt inflation/rising interest rates was the biggest hazard
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