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European ABS and CLOs rally on Fed rates forecast
4 months ago
Trading activity in European ABS and CLOs was strong on Thursday after the Federal Reserve signalled it would cut rates in 2024 -
BlackRock launches securitised asset fund
5 months ago
BlackRock has launched a new securitised asset fund dubbed the BlackRock Senior Securitised Fund with at least 65% exposure to ABS and no more than 35% to CLOs -
ABS rallies on better-than-expected inflation prints
5 months ago
The European ABS market has rallied over the last two days on news of rapidly falling inflation in both the US and the UK -
Manulife Investment agrees deal to buy CQS
5 months ago
Manulife Investment Management, the global wealth and asset management portion of Manulife Financial Corporation, has agreed to buy London-based alternative credit manager CQS, including the CQS credit platform and CQS brand -
European structured finance market constructive on rates pause — market snapshot
5 months ago
European ABS and CLOs had a constructive week in the secondary market, reflecting better sentiment in broader credit -
Structured finance secondary market quiets down as volatility intensifies
6 months ago
Secondary market activity in European structured finance was subdued this week, in the wake of further market volatility sparked by the Israel-Hamas war -
Hedge fund profit-taking prompts ABS sales as spreads soften in deteriorating macro conditions
6 months ago
More European ABS and CLO BWICs were on offer this week, as some hedge funds are selling their positions with a view to take early profits before the market widens further. -
ABS spreads hold up in spite of September issuance deluge, while CLOs soften
7 months ago
Trading activity in European ABS has slowed down, as the market absorbs one of the busiest months for issuance for years -
Sound Point becomes 5th largest CLO manager as Assured deal completes
10 months ago
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world. -
Blackstone rethinks captive equity strategy
10 months ago
Blackstone has announced proposals to wind down its existing risk retention vehicle, Blackstone Loan Financing Limited (BGLF). -
Secondary activity ramps up as post-Barcelona rally continues
10 months ago
BWIC activity across European ABS and CLOs increased this week as investors and asset managers look to take some risk off heading into the summer -
Managers scramble to launch captive equity funds as they become best route to market
10 months ago
A plethora of CLO managers are eyeing captive equity fund launches in 2023 with the lack of such vehicles cited as the “main hurdle” for issuing deals. -
Deadline approaches for 15th edition of Creditflux awards
1 year ago
Submissions for Creditflux’s 15th annual awards will close next week on Tuesday 21 February -
Citi forms new securitised trading business
1 year ago
Citi has formed a new securitised products trading business, with sources saying the combined business is better aligned with how the bank’s clients are organised -
LDI funds prepare for return to CLOs and ABS early next year
1 year ago
Liability-driven investment (LDI) strategies that had to sell senior CLO tranches in droves could come back in for CLOs in the early part of 2023, sources say -
Belstar partners with Apollo to launch global corporate and structured credit fund
1 year ago
Belstar Management Company has launched a credit fund to invest across global liquid and private credit - including both corporate and structured credit -
Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
1 year ago
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles -
Manager targets €300 million for structured credit fund with CLO/CSO mix
1 year ago
The fund will invest primarily in European CLO equity -
CQS returns to Euro market with first new CLO since 2015
1 year ago
CQS has priced its first European CLO in seven and a half years, opting for a short reinvestment and non-call period -
PE firm Nile buys minority stake in Prytania AM
1 year ago
Nile Capital Group has bought a minority stake in a structured credit specialist -
Sofr away from me – basis puts new CLO triple As in dire straits
1 year ago
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business -
Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
1 year ago
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms -
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 -
Short duration CLOs are putting reset risk in the post: Barclays
1 year ago
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned -
Regulators give securitisation another tranche
1 year ago
A gloomy economic outlook and drought in primary markets cast a deflated mood over last month’s Global ABS 2022 conference in Barcelona. But regulators and central banks’ encouraging attitude towards securitisation was in sharp contrast
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