Arb work pays off
With day-one arbitrage alone delivering projected CLO cash-on-cash returns of 20-25%, 2021 may have been the best year ever for equity investors — at least until CLO spreads began to widen  

Europe’s newcomers find ways to stand out
Last year’s new European CLO managers needed to provide something different for investors. In general, they’ve succeeded, with Capital Four having one of the smallest overlap figures in our data

Citi tops CSO volume list
Volumes may be well below their peak of early 2007, but banks continue to compete hard for business in bespoke CSOs and index tranches

2006 CDO league tables - synthetic CDO volumes explode
Synthetic CDO issuance doubled last year according to Creditflux Data+. The total notional of tranches traded was $450 billion – up from $224 billion in 2005. That rapid growth puts synthetic CDO volumes clearly ahead of the $414 billion of cash CDO issuance last year

Special report: Single-tranche trades drive soaring synthetic volumes
Special report: Single-tranche trades drive soaring synthetic volumes