Job opportunity with Flat Rock: senior investor relations
Flat Rock Global has released details of the following job opportunity: Senior Investor Relations Professional

New CLO investing book to hit stores next month
A CLO industry veteran has written a book on investing in the asset class that is due to go on sale with major retailers next month. 

CLO funds make best of a bad situation
It can’t get any worse can it? Well, it did in 2022, when credit spreads kept moving wider. Still, CLO funds were able to withstand the pressure, and they outperformed other credit strategies

Pressure starting to mount as CLO warehouses turn stale
In the US CLO market, deals have been marinating for a long time. That’s to say CLO warehouses – the traditional appetiser before a CLO is served – have been at the prep stage far longer than managers would have originally expected.

Flat Rock confirms launch of CLO interval fund
Flat Rock Global announced today the launch a new interval fund, Flat Rock Enhanced Income Fund, which will invest in junior debt tranches of CLOs

Flat Rock eyes double Bs for CLO interval fund launch
Flat Rock Global is expanding its CLO fund roster and eyeing double B-rated tranches of US middle market CLOs as part of a new interval fund, according to market sources.

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

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

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

Fund performance: Credit hits another bump in the road after March revival
There was more upheaval for credit funds in April, reversing the mini-recovery in March as 40% of funds made positive returns, a decrease on the 47% in March

Fund performance: Credit slumps widely as CLOs lag furthest behind
February’s market turn brought a variety of fund categories into the Creditflux top ten as six different categories were represented -- US high yield standing tallest among them

HY fund is exception to rule of CLOs
CLO funds have had back-to-back years of outperformance versus credit, proving the asset class is a great place to invest, rain or shine. But a Wasserstein HY fund was the star performer in 2021  

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

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

CLO managers to ramp up mid-market loan holdings
Mid-market loans may increasingly infiltrate broadly syndicated loan CLOs as managers seek to boost returns amid tighter leveraged loan spreads

Fund performance: Dominant CLO funds look to end the year with 20%-plus gains
Once again the Creditflux hedge fund top 10 is dominated by CLO funds, with seven funds among the best performers in September.

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

Everyone’s ramping

Fund performance: CLOs lead but variety is the spice of life
.An assortment of funds have made their mark in August as five different strategies make it into our top 10 for the month

Heavy supply plus junior staff shortages create CLO logjam
A combination of unprecedented supply and a tight labour market is leading to a bottleneck in the CLO market, with service providers and banks stretching their resources to the limit

August breaks historic trend with busiest month for CLOs
The US CLO market defied conventional wisdom in August by notching up its busiest month of new issuance ever

Fund performance: CLOs dominate again as CIFC and Hildene score hat-tricks
CLO funds once again take over the top 10 as seven of those listed with Creditflux invest predominantly in the asset class. So far in 2021, CLO funds have held a majority of the spots in the top 10 on four occasions

Flat Rock completes hat-trick of CLO funds taking top spot
Hedge funds that invest in CLO tranches are the top performers in our database for a third month in a row.

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

High yield fund sets pace with 22% return in January
Wasserstein Debt Opportunities Fund has set the early pace for credit hedge funds in 2021 after registering a 21.7% gain in January. This builds on the high yield fund’s success last year and takes 12-month returns to 40.44%.