Loan slump brings managers closer
A 19% slide in new US loan volumes last year has left CLO managers with fewer options in the primary market, and portfolio overlap between US managers has increased to 35.3% on average

Evolving strategy takes Norinchukin close to top spot in CLO investment
Over the years, Nochu has tweaked its cov-lite stipulations, and added mid market and European CLO exposure to its CLO investments. It’s now nearly the market’s biggest investor  

Paper makers: Trying to avoid the crunch
Paper companies' paper is in danger of being worth less than the paper it's printed on. But some companies are finding ways to survive

BAML snatches top spot from Citi
Bank of America Merrill Lynch beats off regular winner Citi by a whisker in second quarter race to be world number one CLO arranger

In defence of the Gaussian copula
It’s been called the model that killed Wall Street, but Jean-David Fermanian argues that the structured credit market’s Gaussian copula model has been unfairly maligned