CLO investors show more signs of optimism than other ABS: Barclays
CLO investors attending the Global ABS conference in Barcelona were more upbeat than those that work in residential mortgage-backed securities and other ABS, say Barclays securitised credit strategists. But the overall mood was sombre

Onex points to "variety of personal and market" reasons as it addresses CLO exodus
Onex Credit Partners has responded to questions about the stream of professionals that have left in the last few months

Bank's head of European CLO trading leaves after crypto gains
Benjamin Cowley, head of European CLO trading at Barclays, is set to leave his role at the British bank

Conference attendees assess CLO pipeline blockage ahead of central bank announcements
Day two of Global ABS 2022 saw audience members taking stock of the market on the eve of twin announcements from the ECB and the federal governmen

Panelists look at a mixed future for CLOs as conference opens in Barcelona
Prominent headwinds and the uncertain state of the market was at the forefront of discussion on CLOs yesterday as the Global ABS 2022 conference got underway in Barcelona.

Man promotes Robinson to global head of CLOs and loans
Man GLG has promoted an experienced CLO portfolio manager to lead its CLO and leveraged loan business. The official joined the firm in December in a move which did not have connections to CLO management, despite his experience in this field and Man's CLO expsoures 

CLO PM joins Ellington as it seeks expansion in credit and 'vanilla' CLOs
Ellington Management is pushing into corporate credit in a move which could culminate in launching US CLOs, sources say. 

Akin Gump hires European CLO partner in London
Akin Gump has hired a CLO partner to its London office

Onex promotes European CLO PM following Daly's departure
Another portfolio manager will step up to take responsibility for the Onex Credit’s CLOs following lead PM Conor Daly’s departure

CIFC fills key European CLO PM role
CIFC Asset Management has hired a European CLO portfolio manager

Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

European CLO triple As widen to 140bp with long-awaited Permira deal
European CLO triple As have widened out to 140 basis points over Euribor, as Permira Credit breaks the two-week CLO market silence by pricing its long-awaited new issue deal, Providus CLO VII

CLO top stack offers best value versus corp debt after junior tranche rally: Barclays
Having lagged in the recent market recovery, CLO triple A paper looks attractive versus corporate investment grade and the CDX IG credit derivatives index

CLO fund appoints former ICG credit head Kershaw as chair
The board of directors of Axa's publicly listed CLO fund, Volta Finance, has appointed former ICG credit head Dagmar Kershaw as company chairman, following the retirement of Paul Meader. Former CLO structurer Yedau Ogoundele also joins as an independent board director 

Jefferies appoints head of Emea securitisation
Jefferies has appointed a former Citi official as managing director and head of Emea securitisation

Beneath the triple C: CLOs take first knock since covid scrapes
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 

BofA revises Euro CLO new issuance forecasts downwards
Bank of America CLO strategists have cut their base case forecasts for European CLO volume in 2022 to €22.6 billion for new issues and €10 billion for refi/resets, citing slower economic growth and higher tail risks. But further market disruption could take new issuance down to €16.5 billion, they warned

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

Representation really matters
At our London Women in CLOs event, Creditflux’s Tanvi Gupta and Michelle D’Souza spoke about how inspiring it can be to see someone who looks like you achieve success in your industry

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

CEO steps down after DWS greenwashing allegations lead to police raid
A tumultuous 24 hours for DWS Group, in which police and regulators raided its office, has been compounded by the resignation of its chief executive officer Asoka Woehrmann on Wednesday morning

Junior debt investors gain seat at Euro CLO negotiation table
CLO documentation and structural negotiations are no longer limited to triple A noteholders and majority equity investors in Europe

It’s official: we need more people working in CLOs
CLO market participants are bemoaning delays in trustee report publications sparked by US Bank’s lack of data processing resources, according to several sources

European secondary volumes rise through ups and downs
Europe’s secondary CLO market has been boosted by elevated supply as primary issuance trickles amid market volatility. Sources indicate that around €370 million of paper appeared on b-wics across the capital stack in each of the first two weeks of May.