- Direct lending (132)
- Emerging markets (43)
- High yield bonds (3188)
- Investment grade credit (80)
- Structured credit (101)
- CLO (217)
- Distressed debt (89)
- Credit derivatives (110)
- Marketplace lending (7)
- Real assets (31)
Euro trading: Vue proves to be leading light for CLOs, but liquid bonds play crucial support role1 day ago
Vue International's newly issued loan starred in 25 CLO managers' portfolios, which bought €239.4 million of the loan in June and made it a box office hit among CLO managers, according to CLO-i.
US loan trading: Caesars marches out of CLOs as Blackstone rolls in2 days ago
With $158 million of its term loan leaving the hands of CLO managers, Caesers Entertainment was the most sold issuer in June
Cambridge University appoints CIO6 days ago
The University of Cambridge has named a CIO who previously served at instutituions such as the BBC and Virgin
Connecticut $36 billion pension hires first chief risk officer8 days ago
The Connecticut Retirement Plans and Trust Funds has hired its first-ever chief risk officer
BlueMountain buyout to bring CLO equity shift, funding pledge and Feldstein payout9 days ago
BlueMountain Capital Management’s co-founder Andrew Feldstein looks set to receive a substantial pay-out in common shares of Assured Guaranty, which has agreed to buy the manager for around $160 million and has outlined a three-year plan for its CLOs
Carval fashions 'flexible' global multi-strategy credit hedge fund9 days ago
The open-ended fund will focus on non-control strategies including corporate securities, liquidations, loan portfolios and structured credit
CLO managers suffer puncture with $85 million of Jack Cooper debt13 days ago
CLO managers hold $85.8 million of exposure to auto hauler Jack Cooper Ventures, which filed for Chapter 11 bankruptcy, according to the latest trustee reports from CLO-i
Apollo fee earnings rise 9% in Q2 as structured credit boosts portfolio19 days ago
Apollo Global Management’s credit portfolio increased 4% quarter-over-quarter to $201 billion, driven by growth in affiliated life insurance firm Athene, as well as corporate credit and structured credit
New EC fund rules could lead to ‘pre-pre-marketing’20 days ago
The European Commission has approved a standardised concept of ‘pre-marketing’ in a move that could see more capital flow through the European Economic Area. The new definition of pre-marketing is meant to provide clarity, but some sources say that the amendments could be seen as an additional burden and lead to a concept of pre-pre-marketing.
- US loan issuance has fallen dramatically this year, but many thirsty investors found liquidity in the secondary market or took advantage of plentiful high yield issuance in a record quarter for bonds
Ares credit business grows 4.4%, driven by US direct lending20 days ago
US and European direct lending, alternative credit and syndicated loan funds dove growth for Ares Management Corporation in the second quarter, the firm said
Euro CLO managers ditch Moody’s as negative views rise20 days ago
European CLO managers have begun turning against Moody's as it has rapidly increased the number of loan issuers it has placed on negative outlook.
Rival manager’s warehouse contributes to new CIFC US CLO20 days ago
CIFC Asset Management has had a productive year after pricing four new issue US CLOs but sources say that the manager’s latest deal, CIFC Funding 2019-IV, owes a lot to another CLO manager.
Points up front: Benefits of being unethical20 days ago
Investing ethically is increasingly becoming part of a credit manager’s mandate, with environmental, social and governance (ESG) strategies all the rage.
Direct lenders accused of exaggerating terms in lender education20 days ago
Sources say that some direct lenders in Europe are submitting standard indicative lender terms with limited or no internal discussions with their respective credit committees.
US CLOs thrive as managers embrace secondary loan market20 days ago
Leveraged loan issuance is supposed to feed and keep CLOs healthy, but a 62% slowdown in US loan volumes this year was accompanied by average CLO equity distributions ticking 19% higher.
Borrowers promise to pay penalty if they breach ESG targets20 days ago
Loan investors are incentivising companies to improve their environmental, social and governance (ESG) performance by linking the financial terms of a loan to the ability of the borrower to meet predetermined sustainability targets.
Net short language could force lenders to sell at a loss20 days ago
Signs are growing that ‘net short’ provisions in bonds and loans are getting closer to hitting CDS investors, with two instances in recent weeks of the language expanding both in geographical and functional remit.
Enhanced CLOs are no more enhancing than run-of-the-mill distressed funds20 days ago
Triple C-heavy CLOs that try to time the market may be paying for options they never use
- A round-up of fund performance20 days ago
Job opportunities with First Eagle: loan analysts20 days ago
First Eagle Investment Management has released details of two vacancies in its loans team in Boston
BlackRock launches $2 billion coporate credit fund with special situations remit20 days ago
BlackRock has closed its flagship opportunistic credit fund, Global Credit Opportunities, with $2 billion capital commitments
Philadelphia Energy bankruptcy tars nine CLO managers with $241 million exposure21 days ago
The Philadelphia-headquartered company has entered into bankruptcy protection for a second time, having only emerged from its first filing in August
Upward flexes, CLOs gather speed and 'net-short' language develops [podcast]22 days ago
The Acuris Fixed Income Group in North America recounts Q2 in the leveraged credit markets.
US loan veteran MacLean to retire from Pimco22 days ago
Pimco loan portfolio manager Beth MacLean will be retiring from the firm in March, a spokesperson for the company firms
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