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CLOs continue to rally on busy day in secondary market
8 years ago
Despite the Easter break in Europe, Monday was a busy day for US CLO traders as several b-wics surfaced in the secondary market. -
Citi loses big-hitting CLO trading chief in New York
8 years ago
Citi has become the latest bank to lose a top CLO trader, according to sources close to the matter -
CLO tranche investor parts company with BlueCrest in New York
8 years ago
A well-known CLO investor has left BlueCrest Capital Management, according to well-placed sources -
Hildene makes senior hire as it prepares secondary CLO push
8 years ago
A high-level CLO trader has resurfaced at Hildene. The Stamford-based manager is building its infrastructure in anticipation of further distress in the CLO market -
Oak Hill hires bank's former CLO trading head in New York
8 years ago
Sources have told Creditflux that Oak Hill Advisors has pulled off a major coup by hiring a well-known CLO trader to its New York offices -
Investors bid up CVC Credit CLO as double-B spreads tighten
Double-B CLO prices are staging a recovery in the secondary market, according to buy-side sources -
Triple-A-rated 1.0 tranche trades north of 250bp in CLO secondary
8 years ago
A legacy KKR CLO, which is a prime call candidate, saw its originally single-A tranche (now rated triple-A) traded at a discount to par yesterday. -
THL trading gains flow to equity on first payment date
8 years ago
THL Credit Advisors' 2015 CLO, Wind River 2015-2, has recorded an impressive first payment to equity, according to CLO-i -
Forced-seller rumour leads to derisory price talk in CLO secondary
8 years ago
Plummeting CLO net asset values and rumours of a forced seller caused secondary market price talk to hit new lows on Friday, as two single-B tranches circulated with price talk of 10 cents in the dollar -
CLO investors pile in with above-par bids for unusual Prudential deal
8 years ago
It is rare that a CLO 1.0 tranche trading above par in the secondary market is considered cheap, but sources say one 2006 vintage bond fit that profile yesterday -
Double-B spreads hit 1,500bp in tough secondary market
8 years ago
CLO mezzanine paper took another battering in the secondary market yesterday, as two 2014 double-B tranches traded wide of 1,500 basis points -
Fund manager increases exposure to NYL Investors' 2015 CLO
8 years ago
A structured credit fund made €3.9 million of CLO purchases last month, in a bid to take advantage of widening spreads in the secondary market. -
Highland hires CLO trader from corporate treasury giant
8 years ago
Dallas-based asset manager Highland Capital has hired a CLO trader to fill the gap left by Alexey Dronov, according to well placed sources -
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 -
Former Deutsche Bank CLO prop trader resurfaces at hedge fund giant
9 years ago
A prominent hedge fund manager has been building up in structured credit and has now hired a seasoned CLO trader in New York -
Nomura hires former RBS official to trade CLOs in London
9 years ago
Market sources say that Nomura has added another trader to its CDO team in London -
Barely one-quarter of CLOs own TXU as it goes into bankruptcy
10 years ago
CLOs have steadily sold loans from the former TXU (now known as Energy Future Holdings) ahead of the energy company's widely expected bankruptcy filing yesterday -
Chenavari asks for investor approval to make par-boosting CLO switch
10 years ago
Alpstar CLO 2 looks to improve its OC coverage by trading a 2020 bond for recently issued term loans -
Banks clear out legacy CLO inventory in busy interdealer auction
10 years ago
Last week CLO traders took part in the latest round of dealer-to-dealer b-wics, which showed banks taking a fresh stance towards the auctions -
Cantor confirms arrival of European structured credit specialist
10 years ago
Cantor Fitzgerald has today announced the hire of Sheil Aggarwal to its European structured credit trading desk – confirming a Creditflux report from earlier this week -
StormHarbour hires CLO trader in New York, sources say
10 years ago
Sources say that StormHarbour has brought in a CLO trader, who started working at the firm this week. -
Distressed buyer calls CLO despite failing to make double digit returns
10 years ago
The distressed buyer of a 2005 CLO's equity turns a profit but fails to make a killing -
B-wic Tracker update: prized euro CLO equity piece goes on the block
11 years ago
Bids are due by tomorrow, 10am New York Time, for €4 million of European CLO paper (see CLO-i B-wic Tracker 30 November 10am). -
B-wic Tracker update: Bids due for Leopard CLO IV triple-B notes
11 years ago
Secondary CLO buyers interested in purchasing the originally triple-B rated bond can get in touch with the seller anonymously using the B-wic Tracker's new contact-the-seller feature -
CLO manager continues to trade out of its deals
11 years ago
A large CLO manager has stated that it is pursuing a strategy where it sells the mezzanine notes in its CLOs
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