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Investors eye management fees ahead of control CLO equity b-wic
8 years ago
Bids are due on Thursday for a control CLO equity position and sources say that investors are being given an added incentive to participate in the b-wic. -
Takeover CLO redeemed after control equity position trades in secondary
8 years ago
A legacy takeover CLO managed by Voya Investment Management has been redeemed, according to CLO-i, after the majority equity position changed hands in May -
Holders dump triple A CLOs ahead of Volcker
8 years ago
Data from CLO-i shows a spike in secondary CLO activity ahead of the imposition of the Volcker rule -
Equity in strong performing CSAM CLO trades in secondary market
8 years ago
Market sources say that equity in a strong performing US CLO managed by Credit Suisse Asset Management CLO was in for the bid in the secondary market yesterday. -
Large chunk of THL CLO equity changes hands in secondary market
8 years ago
$15 million of income notes in a 2014 CLO managed by THL Credit Advisors traded in the secondary market yesterday, according to trader sources -
GSO Capital adds CLO equity as bank's two-way market comes good
8 years ago
A GSO Capital fund has bought $28 million of CLO equity in June, taking its total holding of income notes to $420.5 million -
CLO equity reappears on b-wics as two 1.0 deals change hands
8 years ago
A $37.7 million block of CLO equity appeared in the secondary market for the first time in two weeks yesterday, according to CLO-i's b-wic tracker -
Investors turn to b-wics for CLO triple-Bs as primary volumes slow
8 years ago
Senior tranches have dominated the CLO secondary market this month, but yesterday mezzanine investors were able to get a look at pricing levels as triple-B rated positions went up for sale. -
Top CLO trades north of par despite wipe-out option
8 years ago
Unusual feature gives manager the option to wipe out equity investors -
$125 million block of Alcentra CLO triple-As hit the secondary market
8 years ago
The secondary CLO market is alive and kicking after the holiday weekend in the US, with market sources reporting that a $125 million tranche in a 2014 CLO is going under the hammer today -
Investor snaps up senior notes in BlackRock's managed CSO
8 years ago
BlackRock's managed synthetic CDO made an appearance in the secondary market yesterday, according to trader sources. -
Triple-A CLO investor avoids the crowd as it attempts unusual b-wic
8 years ago
Market sources have told Creditflux that a CLO triple-A investor is attempting to sell 20 first-pay tranches in the secondary market. -
Secondary market investors snap up senior CLOs after $384 million b-wic
8 years ago
Triple-A CLO investors were active in the secondary market yesterday as a $383.9 million b-wic saw a number of trades -
Morgan Stanley launches two-way CLO equity trading
8 years ago
Dealer unveils an initiative to bring an unprecedented level of liquidity to the secondary CLO market -
CLO trader leaves Goldman ahead of move to rival bank in New York
8 years ago
Market sources say that a CLO trader has left Goldman Sachs after almost 10 years at the bank. -
$77 million control CLO equity b-wic circulates amid rumours of BDC seller
8 years ago
The majority equity position in a 2014 CLO overseen by Ares Management is up for grabs today as part of a $77 million b-wic today, according to trader sources. -
Control investor trades out of legacy Halcyon European CLO
8 years ago
Market sources say that the control equity position in a legacy European CLO changed hands on Friday. -
Investor comes up with new tactic for selling CLOs after b-wic fails
8 years ago
A 2.0 CLO investor has taken an unusual step to combating illiquidity in the secondary market -
Majority equity position in revived 2006 CLO changes hands
8 years ago
Control of a legacy CLO managed by Voya Investment Management was up for grabs on a b-wic yesterday, with secondary market sources reporting that a bank's secondary trading desk won the auction -
Brokerage with big plans snaps up ex-Deutsche Bank CLO trading chief
9 years ago
A New York-based brokerage has pulled off a major hire by attracting one of the CLO market's leading traders -
CLO investors put their faith in b-wics despite fraud revelations
9 years ago
CLO trading practices are falling under the gaze of regulators after well-known industry figure Matt Katke pleaded guilty to securities fraud last month -
Investors bid up GoldenTree 2012 CLO mezz in secondary market
9 years ago
A number of CLO triple-B notes traded in the secondary market on Friday with investors showing appetite for mezzanine CLO risk. -
Control equity in 2012 CIFC CLO changes hands in secondary market
9 years ago
Control of a 2012 CLO managed by CIFC Asset Management changed hands in the secondary market yesterday, according to buy-side sources -
High profile CLO trader Katke admits securities fraud
9 years ago
In a fast-moving story from yesterday, it has emerged that renowned CLO trader Matt Katke has pleaded guilty to securities fraud – a charge which carries a prison sentence of up to five years -
Head CLO trader leaves Nomura in New York
9 years ago
A high profile CLO trader has left Nomura, according to well-placed sources
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