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We are yet to find a mass-media article that devotes attention to the potential merits of CLOs
5 years ago
Far too many recent mass-media articles critical of the CLO market are heavy on the hyperbole and light on the facts, writes our columnist and Eagle Point founder Thomas Majewski -
Points up front: “I always think of myself as Bruce Lee when I’m investing in CLO equity”
5 years ago
An analytical mind, a strong network of industry contacts and an eye for value are vital for a competent CLO equity investor. But don’t forget the one-inch punch -
Selling at the time of the default or downgrade can often be the worst value decision for the CLO
5 years ago
CLOs don’t have to be forced sellers during distress cycles: skilled CLO managers and well-structured indentures can give optimal recoveries, says our columnist Thomas Majewski -
They said it: “I’ve run the numbers and it looks more like a 3% IRR”
5 years ago
A CLO modelling professional tells Creditflux that European CLO model portfolios don’t look realistic -
Points up front: structuring is in his blood
5 years ago
Very few people can claim they were born to structure CLOs, but perhaps GreensLedge’s new recruit Peter Melichar is the exception -
Points up front: clickbait headlines? Us?
5 years ago
Last month ABS specialist TwentyFour Asset Management wrote a blog titled, “The next crisis will begin with... clickbait headlines”. He's not referring to us, surely? -
The perception of liquidity is often not the same as the reality
5 years ago
Investec Asset Management's Jeff Boswell takes our credit quiz and discusses liquidity in Europe, the former "darling of the European debt market" Vivarte and the Matrix -
Past returns: secret CLO market
5 years ago
Five years ago in Creditflux, we reported on the emergence of an inter-dealer market for CLOs -
Past returns: Atlantic crossing
5 years ago
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms -
Points up front: BlueGreen OneTreeHill United - the CLO team
5 years ago
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers -
They said it: “Occam’s razor, the marshmallow test and the Pareto principle – what do they have in common?”
6 years ago
The simplest solution is often the best solution, delayed gratification and the 80/20 rule; these can all be used in the assessment of CLO manager performance -
Past returns: KKR CLO was sign of things to come
6 years ago
Five years ago in Creditflux, we reported on KKR Credit pricing a US CLO that complied with European risk retention rules, in what was believed to be one of the first deals of its kind -
We are not structured finance investors – we are corporate credit specialists
6 years ago
Fair Oaks' Miguel Ramos-Fuentenebro takes our credit quiz -
They said it: regulators are using The Big Short as their frame of reference
6 years ago
The LMA’s Nicholas Voisey describes why it’s difficult to campaign for the European loan market -
Points up front: traders are dedicated, no matter how hot it gets
6 years ago
When a fire alarm goes off, you should make your way to the nearest exit: unless you’re a trader -
Points up front: a few weeks' worth of dual compliance
6 years ago
Dual compliance is so 2017. And yet European CLO managers are pursuing US risk retention compliance. Perhaps memories of 2013 are resurfacing -
Join the debate: most memorable moment in credit
6 years ago
At Creditflux we’ve now produced 200 monthly magazines since Fishknife first came up with the idea of tracking the global credit markets in 2001). We asked several key credit industry officials about their most memorable moment in credit -
Staying afloat in credit takes care and character
6 years ago
In his final article, our columnist sheds light on his identity and has some 'nice' advice for those navigating credit’s changeable oceans -
Past returns: Europe's own risk retention rewrite
6 years ago
Five years ago we reported that European CLO managers were hunting for partners to retain risk retention on their behalf. Shortly after, regulators performed a U-turn (nothing new here) and decided to prohibit third parties from acting as risk retainers -
Join the debate: flippin' heck, you're distorting the CLO market
6 years ago
After our report on a CLO investor flipping 2018 bonds before the deals had even closed, one reader pointed out that this "masks true demand" -
Points up front: the best way to source direct lending loans is to sit and wait
6 years ago
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra. -
Past returns: pension scheme gets stung after regulators rewrite CLO rules
6 years ago
Five years ago, we reported that US pension funds were boosting their allocation to euro-denominated credit. One institution in particular led the way by supporting the first European CLO to be issued since the global financial crisis -
Join the debate: is Christopher Nolan moonlighting for Creditflux?
6 years ago
A story last month on direct lender Prestige caused one reader to draw comparisons with a script from film director Christopher Nolan -
Points up front: zombie managers near extinction
6 years ago
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood. -
The biggest credit stories in 2017
6 years ago
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017
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