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  • CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
    CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July.

    6 months ago
  • European CLO managers trade loans to avoid (par) burn
    Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine

    1 year ago
  • CLO debt prices imply default rate exceeding forecasts, says Orchard Global
    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

    1 year ago
  • CSAM does the CLO awards double
    Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

    1 year ago
  • We’ll get through this awkward patch
    Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

    1 year ago
  • Appetite for CLO warehouse investing increases in Europe
    The investor base for European CLO warehouse risk has grown in the past few months, and is supporting the increasing number of CLOs where the equity tranche has come from widely syndicated sources

    1 year ago
  • CSAM regains best manager throne
    Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

    2 years ago
  • Record-breaking CSAM wins Creditflux Manager of the Year 2021
    The Creditflux Manager Awards dinner was back with a bang last night as 250 attendees saw Credit Suisse Asset Management crowned Creditflux Manager of the Year for a record third time

    2 years ago
  • Credit Rendezvous: And breathe...
    The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

    2 years ago
  • Deutsche Bank European CLO researcher joins Orchard as portfolio manager
    Orchard Global Asset Management has hired from Deutsche Bank’s European ABS research team in a bid to grow its CLO investment business.

    2 years ago
  • High yield fund sets pace with 22% return in January
    Wasserstein Debt Opportunities Fund has set the early pace for credit hedge funds in 2021 after registering a 21.7% gain in January. This builds on the high yield fund’s success last year and takes 12-month returns to 40.44%. 

    3 years ago
  • CLO pipeline: OFS to make comeback as 2020 absentees eye new issues
    As liability spreads tighten day by day, the CLO pipeline is filling fast. 2020 absentees are joining the parade as four US managers and three European managers aim to return to the new issue market after taking a break of 12 months or longer

    3 years ago
  • CLO funds top rankings, but still have ground to make up
    CLOs may have taken a hammering in March but, for the fourth consecutive month, funds that invest in these assets dominate our ranking of the top performing credit funds

    3 years ago
  • Don’t be a hero: managers opt to go market-neutral
    There’s yet more volatility in store later this year — that’s the consensus according to credit portfolio managers that have spoken to Creditflux. What they are unsure about is the scale and direction of this movement, which is leading them to prune their portfolios with an emphasis on market-neutral tactics

    3 years ago
  • Fund performance: Index tranche investors make it work from home
    March brought a drastic drop in return figures as covid-19 swept across the globe, as Orchard tops the Creditflux performance tables

    3 years ago
  • Correction: Orchard Liquid Credit Fund performance
    In the May issue of the Creditflux magazine we incorrectly stated in our performance tables the year-to-date return for Orchard Liquid Credit Fund, which is up 10.66%

    3 years ago
  • Fund perfomance: Slowdown for some as pandemic takes hold

    A round-up of fund performance

    3 years ago
  • Global CLO b-wic round-up: equity, equity everywhere, but trading volumes sink
    For the second week in a row, over $230 million of US CLO equity went on sale and multiple control equity positions were listed in the CLO secondary market

    4 years ago
  • Orchard targets CLO investments in fruitful year of fundraising
    Orchard Global Asset Management is in the process of fundraising for its first CLO focussed fund, according to market sources. The firm is targeting the global CLO market and looking across the capital stack.

    4 years ago

19 results found Showing page 1 of 1

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