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Fund performance: Credit funds end difficult 2022 on a positive note
1 year ago
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black -
Carlyle strikes agreement to manage $112m listed fund and shift strategy to CLOs
1 year ago
Vertical Capital Income Fund has struck an agreement for Carlyle Group to take over as investment advisor in a move which will result in the New York Stock Exchange-listed fund shifting focus towards CLO debt and equity investments. -
Fund performance: Select funds shine in dreary June for credit hedge funds
1 year ago
Credit funds suffered through June, as only 8% of listed funds reached the black. This made June the fourth month in a row in which negative returns increased -
Fund performance: long-short funds challenge CLO strategies
2 years ago
CLO funds are maintaining their stranglehold on our top 10, but long-short credit funds are giving them a run for their money -
Ucits at a glance: mid market fund leaps into top four
2 years ago
The majority of Ucits funds end Q2 on a high note as 76% of those in our database recorded positive performance in June -
It's all relative: IG index drifts wide of 50bp as European CLO triple Bs outperform
2 years ago
US investment grade credit has been an underperformer in the last few weeks with CDX IG trading north of 50 basis points again. But European CLO triple Bs are looking strong while there is a stronger bid for two- to three-year paper in the US -
It's all relative: CDX HY touches record tights but junior US CLO tranches leak wider
2 years ago
Credit spreads are marching tighter, but someone forgot to tell the CLO market. European and US CDS spreads have moved in step with each other for the most part with investment grade and high yield tightening 4-6% in the last week, whereas CLOs have been losing ground -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
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Credit funds at a glance: several funds post double digit November returns
3 years ago
November was a strong month for credit hedge funds listed by Creditflux, with latest returns demonstrating the effect of the vaccine/US election rally on fund perfomance -
Compression plays out as HY and European CLO double Bs outperform
3 years ago
Investment grade and high yield credit spreads have tightened in sync with each other this week, but CDS and CLOs alike underline that the big theme over the past month has been compression between investment grade and high yield -
Mallinckrodt takes chapter 11 prescription as CLOs hold $650 million
3 years ago
CLO managers hold around $657.8 million debt of Mallinckrodt, a Dublin-headquartered biopharmaceutical company that has filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware -
Capital Four launches two CLO funds
4 years ago
Capital Four Management has plans to launch two structured credit funds focused on CLOs that aim to capitalise on dislocation at both ends of the CLO capital stack, sources say -
Lupus Alpha CLO funds enter April top 10 after cutting triple B exposure in January
4 years ago
Lupus Alpha CLO High Grade Invest Fund, a Ucits fund managed by Lupus Alpha, topped the Creditflux April hedge fund rankings with 12.05% returns. The Frankfurt-based manager also has two other funds in the top 10 rankings: Lupus Alpha CLO High Quality Invest (9.88%) and Lupus Alpha CLO Opportunity Notes I (8.94%) -
CLOs hold $100 million of Intelsat debt as it files for bankruptcy
4 years ago
CLOs hold nearly $100 million of the debt of Intelsat, a Luxembourg-headquartered fixed satellite services provider, which filed for chapter 11 protection in the US Bankruptcy Court for the Eastern District of Virginia late last night -
222 CLOs hold bankrupt telecom firm as its signal fades
4 years ago
CLOs hold $334.5 million debt of Australian telecommunications company SpeedCast International, which filed for Chapter 11 bankruptcy protection in the District of Texas on Friday -
Fair Oaks issues shares to buy more CLO debt after 50% equity tranche hit
4 years ago
Fair Oaks Capital has issued new shares on its CLO fund at a premium to its net asset value to capitalise on CLO debt, which it says “offers attractive risk-adjusted returns over the medium term” -
US pension gains 6.5% in three days after putting $350 million into credit
4 years ago
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates -
US loan trading: McDermott downgrade leads to CLO outflows as managers board rail road firm
4 years ago
US freight railroads operator Genesee & Wyoming allocated its $2.55 billion term loan in November, making it the most popular issuer in the month. And CLO managers were sceptical of the outlook for McDermott Technology - signalled by $185.9 net outflows - after Moody's downgraded its corporate family rating from B3 to Caa2 -
Euro loan trading: CLO managers find a home for building specialist's downsized loan
4 years ago
CRH Europe issued a €700 million term loan B in November, which was downsized from €900 million. But still, it has proved popular with CLO managers with CLO-i indicating that CLOs bought €275.2 million of the loan -
BlueMountain starts new chapter as co-founder leaves and it winds down hedge fund
4 years ago
There are sweeping changes taking place at BlueMountain Capital Management, with the firm announcing that co-founder Stephen Siderow is leaving and that it is winding down its flagship hedge fund, BlueMountain Credit Alternatives Fund -
Thomas Cook is a lesson for CLOs on unsecured bonds, says TwentyFour AM
4 years ago
The liquidation of UK travel operator Thomas Cook this week has underscored that “unsecured debt has no place in CLOs,” according to a note by Aza Teeuwen, portfolio manager at TwentyFour Asset Management -
24 CLO managers hold J Crew loan as it drops 4.62%
5 years ago
A total of 109 CLOs hold $219.4 million exposure to J Crew, whose Term Loan B traded down 4.62% from yesterday -
Chicago manager targets secondary market for new CLO fund
5 years ago
Boutique CLO manager Chicago Fundamental Investment Partners has registered a new opportunistic CLO fund -
Blackstone grows credit assets by 31% over year
5 years ago
The firm achieved strong fundraising in credit, taking credit-related assets under managment to $130.6 billion in the third quarter, a 31% increase year-on-year
24 results found Showing page 1 of 1
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