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Low warehouse balances show CLOs bracing for volatility
11 months ago
A record number of CLO warehouses are open but contain record low balances, according to several market sources. The figures indicate that CLO managers and equity investors are preparing for a sell-off in the loan market in the latter half of 2023. -
Aquarian's Driscoll: It took six months from JP Morgan taking over Bear Stearns for the scale of the crisis to be revealed
1 year ago
At Creditflux's CLO Symposium in London in May, Justin Driscoll, chairman of Aquarian Credit Partners, sat down with Creditflux to discuss the outlook for the US CLO market -
CLO head set to leave Morgan Stanley EV
1 year ago
The head of structured products at Morgan Stanley Eaton Vance, is set to retire from the firm at the end of this year, according to a memo seen by Creditflux. -
Weekly US CLO issuance volumes pass $2.5 billion as Putnam prices
1 year ago
Putnam Advisory Company priced a new CLO via JP Morgan on Friday named 37 Capital CLO 3 at $353.76 million -
SVB and the case of the missing CLO exposure
1 year ago
Silicon Valley Bank’s collapse has dealt credit markets another hammer-blow with the past 12-months bearing witness to more dips than a mezze platter. Whereas past misfortunes in credit have provided an opening for some observers to critique the ‘toxic’ structure that is a CLO, this time things are a little different. -
Senior CLO officials leave Credit Suisse ahead of move to Canadian bank
1 year ago
Credit Suisse’s CLO operations have been hit with two senior figures leaving the bank -
Experienced CLO investor set to leave Tetragon
1 year ago
A well-known CLO tranche investor is set to leave Tetragon Credit Partners. -
Barclays won't let sleeping dogs lie after another Newfoundland CLO reset
1 year ago
Newfoundland CLO, the long running and world's largest balance-sheet CLO, has been given a new leash of life by upsizing in a reset yesterday, according to announcements from Moody’s and Scope Ratings. -
Senior CLO officials leave Natixis in shock round of resignations
1 year ago
Natixis has been rocked by the departure of four senior members in its CLO and structured credit team -
Zais CLO management figurehead leaves after nearly a decade
1 year ago
Zais's leveraged finance business head has parted ways with the firm -
Saratoga returns to CLO primary market with first new issue in 14 years
1 year ago
Saratoga Investment Management returned to the CLO primary market on Friday with its first new issue transaction since 2008 -
US CLO pipeline: $100bn new issue mark about to be surpassed
1 year ago
Seven US CLO managers join one holdover in the new issue US CLO pipeline this week, as the market bears down on $100 billion of new issuance in 2022 -
New York-based manager prepares to issue its first 'new ' CLO since 2008
1 year ago
A CLO issuer from the 1.0 era is marketing a new deal via Goldman Sachs, which would be the manager's first new issue since 2008 -
CLO debt prices imply default rate exceeding forecasts, says Orchard Global
1 year ago
Current pricing of CLO debt tranches implies a default rate that is "far in excess" of the most pessimistic forecasts, according to Orchard Global Asset Management -
Founder of Alcentra's structured credit business to step down as PM
1 year ago
A long-time CLO tranche investor is set to move away from day-to-day portfolio management duties and take on a new role as senior advisor -
GSAM makes grand return to CLO issuance after three year absence
1 year ago
Goldman Sachs Asset Management made a grand return to the CLO primary market on Friday, pricing a new $401.61 million deal after a three year absence -
Widening asset/liability gulf will hurt CLOs: Barclays
1 year ago
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found -
S&P revises US CLO stress tests to include recession-based scenarios
1 year ago
Standard and Poor’s has published revised stress test scenarios on the US broadly syndicated loan CLO market in light of increasingly negative market sentiment -
Making the grade: CLO managers move into IG bonds
1 year ago
CLO managers have been using the incredible volatility in credit markets this year to add an unfamiliar asset to their portfolios – investment grade bonds -
CLO counterparties hunt for signs of optimism: SFIG conference
1 year ago
Leveraged loan and CLO investors are hunting for signs of optimism as they face the prospect of a US recession -
US CLO manager valued at $278 million goes up for sale
1 year ago
One of the most consistent US CLO issuers for two decades is on the market -
NAIC unit suggests going beyond ratings by taking CLO evaluations in-house
1 year ago
A unit within the National Association of Insurance Commissioners has recommended that it takes oversight of the CLO investments held by US insurers by modelling these holdings in-house -
Blackstone revives Stratus brand as it prices opportunistic US CLO
1 year ago
Blackstone Credit is once again capitalising on dislocation in the credit market having priced a $393.6 million new US CLO on Monday under its Stratus brand. The CLO is understood to follow a print and sprint method, and analysis of the profile suggests that the deal could benefit from $20 million of upside if assets rally to par -
Attack-minded CLO managers capitalise on bearish outlook
2 years ago
Some of the most aggressive CLO managers have benefited from loan market volatility in March after having tweaked their portfolios in the months beforehand -
Vida hires head of US CLOs from large asset manager
2 years ago
Vida Capital has hired the head of US CLOs from a large CLO issuer as head of structured credit
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