• Overview
• CLOs

16th Creditflux Manager Awards now open for entries

By Robin Armitage & Lafri Reda

Thursday, February 08, 2024

The 16^th annual Creditflux manager awards return this May, with entries now open through to 22 February. After a month of rigorous analysis, the finalists will be announced at the start of April and winners will be presented at the Manager Awards dinner on 15 May, after the annual CLO Symposium at the Landmark Hotel in London.

The main CLO awards cover a variety of categories across the industry, recognising the best performers among US and European broadly-syndicated loan CLOs, private credit CLOs, the best CLOs redeemed in 2023 and the best managers in all these fields, with categories for boutique and established firms included. This year we will also be looking for the most innovative CLO deal in 2023, where for the first time we will be opening the decision to a voting panel - more details to follow shortly.

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 80; weighted average spread, and weighted average rating factor; and average annualised returns to equity weighted by leverage and volatility. CLOs that went effective in 2023 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 entry 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, as the finalists are selected on the average of all CLOs. For any questions or queries, or to return the entry form, please contact lafri.reda@iongroup.com or robin.armitage@iongroup.com.

 

Fund awards

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 entering should send this entry form filled in with historical returns to robin.armitage@iongroup.com.

The closed-end CLO funds are split into two categories; please find attached entry 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.

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 innovative 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

 

<<END>>

TAGS: Europe CLO North America Creditflux awards