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Neuberger Berman resets 2016 vintage for second time
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Debtwire FY23 US Direct Lender Rankings
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Don't sell senior CLOs. Buy tranche protection instead, says BAML

Thursday, September 03, 2015

Tranches of the iTraxx Crossover provide a useful way for investors in senior European CLO paper to hedge their positions

Comment by: Anonymous. Posted 8 years ago [2015-09-03 13:45:37]

This article has the interesting observation on relative spreads (cash CLO tranche versus iTraxx Crossover semi-equivalent tranche) at the triple-A and mezz levels. The synthetic is tighter at triple-A and wider at mezz. I'd say the bank and insurer regulatory treatments are large factors. Anybody else agree or disagree?

Funds

Debtwire FY23 US Direct Lender Rankings 2 days ago
AXA wins USD 400m for SRT strategy from US pension fund 2 days ago
Blue Owl brings sovereign wealth fund deputy CIO onboard 2 days ago
Australian private credit fund-of-funds launched for retail investors 3 days ago
New Mexico pension system approves USD 150m top-up to distressed debt fund 3 days ago

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