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Apollo’s Redding Ridge promotes Joe Moroney to CEO
8 days ago
Redding Ridge, Apollo's CLO management subsidary, has named Joe Moroney to be its new CEO -
Blackstone’s head of liquid credit Rob Zable set to leave firm
23 days ago
One of the biggest names in the CLO world is making a change, with Rob Zable leaving Blackstone by the end of the year -
Oak Hill seeks to raise new CLO equity fund with mammoth cap
1 month ago
Alternative credit manager Oak Hill is raising a huge new captive CLO equity fund to support global deal activity -
Low warehouse balances show CLOs bracing for volatility
1 year 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. -
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. -
CLO debt prices imply default rate exceeding forecasts, says Orchard Global
2 years 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
2 years 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 -
Widening asset/liability gulf will hurt CLOs: Barclays
2 years 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 -
Making the grade: CLO managers move into IG bonds
2 years 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 -
It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
2 years ago
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels -
Alcentra makes leadership changes as European CLO head Rainbow goes part-time
3 years ago
Alcentra has announced changes to its leadership team with co-chief investment officer of liquid credit Graham Rainbow deciding to take on a part-time role at the firm -
Blackstone CLO origination head relocates to London
3 years ago
Blackstone’s global head of capital formation liquid credit has relocated from New York to London -
Creditflux and Debtwire unveil CLO stressed and distressed market analysis
3 years ago
The first edition of the CLO Distressed Roundup, a joint-report by Creditflux and Debtwire, takes a deep dive into the distressed and stressed loans held by CLOs as of December. Our report shows CLO portfolios are 10.2% stressed and 4.17% distressed, lower than not only the nadir of the pandemic in May, but also before the pandemic -
World's largest CLO set for downsize to $10.5 billion
3 years ago
The largest CLO in the world is being tweaked with a partial redemption and an extension of its reinvestment period -
CLO M&A to pick up with underperformers at risk
3 years ago
CLO manager consolidation is expected to be elevated into 2021 as the market recovers from the aftershock of covid-19 -
All’s well that ends well in 2020 OC tests
Swathes of CLOs failed over-collateralisation tests last year, but unlike the drawn-out recovery following the 2008 financial crisis, the return to compliance after the covid-19 crash was rapid3 years ago -
Go for short-duration and high-end CLO paper, says JP Morgan
4 years ago
This year is shaping up to be nearly as weak for CLO new issuance as 2008, according to JP Morgan strategists, who recommend investors seek value in short duration double/triple A paper or in higher-tier triple/double B -
Black Diamond multi-currency CLO looks to buy back senior debt at 98.75%
4 years ago
Black Diamond CLO 2015-1 is voluntarily offering to pay down its senior debt -
Rapid CLO M&A activity on the horizon as fee deferrals pick up
4 years ago
A flurry of M&A deals could soon sweep the CLO market as management fee deferrals become an increasing pressure point for small CLO managers -
Unique CLO upsizes to $22 billion
4 years ago
The world’s largest CLO has more than doubled in size to total a whopping $22 billion -
CLO tranche investor leaves Carlyle after 12 years
4 years ago
The New York-based co-head of global structured credit has parted ways with Carlyle, sources say. The firm is understood to have appointed a replacement in London -
Another 2008 would leave IG CLOs without losses but default rates will climb, says BofE
5 years ago
CLOs will see greater losses in a downturn than they did in the last financial crisis, according to the Bank of England’s Financial Stability Report -
Two CLO investors leave GSO in London
5 years ago
Two experienced CLO investors have parted ways with GSO Capital Partners in the last few weeks -
CLO monoline businesses return with new purpose
5 years ago
CLO tranche insurance is making a comeback. Assured Guaranty has underwritten two middle market transactions, while in Europe various firms are testing the waters for this type of insurance, according to sources. -
CLOs are not like CDOs, says Barclays, but warns of loan quality impact
5 years ago
CLOs are far removed from the kinds of structured products that contributed to the 2008/09 global financial crisis, Barclays has argued in a wide-ranging research piece this week
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