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Submission window springs open for Creditflux's 14th manager awards

Tuesday, February 15, 2022

In a further return to normality, Creditflux’s 14^th annual manager awards will be taking place in its usual spot in the calendar this May, with submissions now officially open and running through to 25 February. After a month of thorough analysis, the finalists will be announced at the beginning of April, and the winners will be crowned at the Manager Awards dinner on 10 May, after the annual Credit Symposium at the Landmark Hotel.

The main CLO awards will reflect the diversity of the industry and look to recognise the best performers among US and European broadly-syndicated loan CLOs, middle-market and non-traditional CLOs, the best CLOs redeemed in 2021 and the best managers in all these fields, including categories for boutique and established firms.

CLOs will be judged purely on performance metrics available in the trustee reports to ensure transparency. Metrics for best CLOs include par build and headroom in junior OC tests; weighted average price and percentage of assets marked under 90; weighted average spread, weighted average rating factor and triple-C buckets; and average annualised returns to equity weighted by leverage and volatility. CLOs that went effective in 2021 will be considered in the “new CLO” categories, and will be judged on weighted par build, warf at inception, and arbitrage.

In order to be eligible for the awards, managers must provide access to their trustee reports through the trustee websites to ensure the reports are listed on CLO-i, and fill out this submission form. Managers should enter details for all their CLOs, and they will be automatically entered into all eligible categories. To be considered for the “best manager” categories, please note that all eligible CLOs must be submitted, rather than a select few, as the finalists are selected on the average of all CLOs. For any questions or queries, or to return the submission form, please contact sam.robinson@iongroup.com.

Fund awards

The closed-end CLO funds have been split into two categories this year; please find attached submission forms with example data filled in for private closed-end CLO funds and public closed-end CLO funds. This is to recognise similarly structured funds with comparable reporting methods. Please return completed forms, or direct any questions or queries, to robin.armitage@iongroup.com.

All open-ended CLO funds that are listed on Creditflux’s credit hedge fund database and have at least a year’s worth of returns will be automatically eligible for the best CLO fund category. Any fund interested in submitting to the database should send this submission form filled in with historical returns to robin.armitage@iongroup.com.

This year the direct lending categories have been moved to their own event, more details on which will follow shortly.

Please find the full list of categories below:

 

Award Categories:
Best new US CLO
Best new European CLO
Best US CLO
Best European CLO
Best US boutique CLO manager
Best European boutique CLO manager
Best redeemed US CLO
Best redeemed European CLO
Best middle-market CLO
Best new middle-market CLO
Best non-traditional CLO
Best public closed-end CLO fund
Best private closed-end CLO fund
Best CLO fund
Best MM CLO manager
Best US CLO manager
Best European CLO manager
Creditflux manager of the year

 

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TAGS: Europe Structured credit CLO North America Creditflux awards