Ucits at a glance: 2022 opens shakily but with a familiar lead
Ucits funds moved slowly into 2022 as 59% made negative returns in January

New SEC rules may increase reporting hurdles for CLOs
CLOs could be caught by sweeping new rules on disclosure by private funds proposed by the SEC in February

Fund performance: Groundhog Day as 2021 leaders start strong
CLO funds once again claim the most top performing spots as seven out of 10 funds belong to the category

Credit hedge funds (March 2022)
Credit hedge fund returns

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

CLOs at a glance
A listing of CLOs that have priced in the last month

US managers eye growth potential in European CLOs
The legion of European CLO managers is set to grow this year, with US issuers harbouring ambitions to become global players in the CLO business.

CLOs outperform yet again despite tough month for credit
CLOs can do no wrong it seems, and funds that invest in them topped Creditflux’s credit hedge fund rankings once again in January

Fixed-rate CLO tranches emerge ahead of rate rises
Floating rate benchmarks — whether Sofr or Libor — have risen sharply this year ahead of interest rate hikes in the US, and that has coincided with a flurry of new issue CLOs that have incorporated fixed-rate debt tranches

AB targets software companies after niche securitisation
Deutsche Bank priced an unusual securitisation for AB last month. The deal accommodates the manager’s expertise in the software and technology sector

Past returns: Ellington invents triple C-flex CLOs
Five years ago, Creditflux reported that Ellington Management was launching a US CLO business

They said it: Whichever CSA number you use, it’s wrong
Whichever CSA number you use, it’s wrong...

Points up front: Price is right on trend with new CLO ticker game
The best ideas often come about when you’re knee-deep in CLO tickers

Points up front: CLO buyers get everywhere
Last month Bank of America research noted how US banks had made huge strides in buying triple A-rated CLO paper last year

CLOs go island hopping as EU rules bar Cayman Islands
Swathes of CLO special purpose vehicles are set to be relocated this month following the introduction of European Union regulations designating the Cayman Islands as a money laundering location

"The reset market is open, but it doesn’t always make sense to extend the life of a CLO"
Strong secondary loan prices are making CLO liquidations a compelling option  

TCW hits agreement target with sequence of Jefferies-arranged CLOs
TCW Group has priced the fourth new CLO resulting from its strategic partnership with Jefferies, which was arranger on the deal 

CLO sellers bide their time amid widening Ukraine crisis
Russia’s invasion of Ukraine has sent shockwaves across the world, and CLOs, despite limited exposure to either country, have felt its impact. Those signs are most visible in the secondary market

III promotes CLO head to partner
III Capital Management, the investment manager arm of AVM, has promoted its head of CLOs to partner

LibreMax hires to CLO team in New York
A former RBC Capital Markets CLO and ABS trader joins LibreMax in New York

Churchill appoints CLO management head amid string of senior promotions
Churchill Asset Management has made a string of senior promotions including naming Kelli Marti as senior managing director and head of CLO management

Leucadia AM takes non-controlling stake in Hildene
Hildene Capital Management has entered a strategic relationship with Jefferies affiliate Leucadia Asset Management

BNP Paribas AM claims debtholder agreement means US CLO 'default' was avoided
BNP Paribas Asset Management has disputed the downgrade to D, by S&P Global, of two junior debt tranches in its 2014 US CLO known as BNPP IP CLO 2014-1

Steele Creek fashions first new CLO in nearly three years
Steele Creek Investment Management staged a longawaited CLO comeback on Monday by printing its first new issue since July 2019