Creditflux

Axa IM finds replacement for top fixed income role
Axa Investment Managers has appointed Christophe Herpet as global head of Axa fixed income and its buy and maintain division

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

Axa IM prices first CLO refinancing since 2017
Axa Investment Managers refinanced its 2016 CLO, Allegro CLO IV yesterday via Goldman Sachs. The $440 million transaction knocks 22 basis points off of CLO’s funding cost from 200.1bp to 178.1bp.

Global CLO round-up: new managers put down roots
Birch Grove priced its debut CLO this week while relative newcomers PPM (in the US) and Voya Alternative Asset Management (Europe) grew their CLO AUM.

Axa IM becomes 70th manager to price new issue CLO in 2019
Axa Investment Managers teamed up with Bank of America Merrill Lynch yesterday to price its latest CLO, becoming the 70^th manager in 2019 with a new issue deal under its belt

Danish pension fund eyes niche credit opportunities
PensionDanmark is preparing for more volatility in 2019 by casting its eye towards niche opportunities in the special situations and distressed debt market. The Copenhagen-based pension fund last month merged its alternatives and private debt platforms

Axa IM looks to buy stake in mezzanine lender Capzanine
Axa Investment Managers (Axa IM), the multi-asset investor, and Axa France, the Paris-based insurance company, have entered exclusive talks to buy a minority stake in French private equity house and debt provider Capzanine, from Eurazeo

Axa IM buys US commercial mortgage business from Quadrant
Axa Investment Managers' real assets group has bought one of Quadrant Real Estate Advisors’ US focused lines of business, including a dedicated investment team, in a bid to expand its global debt platform.  

Axa IM reveals new Ucits-compliant global credit fund
The new vehicle aims to offer investors a Ucits-compliant product that invets across the whole credit spectrum 

Global CLO round-up: US market has a fair-way to catch up to Europe
As the Ryder Cup drives a wedge between the US and Europe, managers putt their hopes in CLOs. But the European market is in the lead with three deals to one as Creditflux goes to press

Axa IM wastes no time resetting 2016 deal as spreads head wider
European CLOs still reset straight out the gate, with Axa Investment Managers yesterday resetting its 2016 deal Adagio V CLO just days after it left its non-call period on 15 September

Axa IM launches fourth new issue CLO of 2018 with triple As at 116.5bp
Axa Investment Managers priced a new issue CLO on Friday named Allegro CLO IX

Axa IM and Goldman team up for third CLO deal of the year
Axa Investment Managers and Goldman Sachs have teamed up to price their third CLO transaction of 2018

Axa IM prepares short-dated CLO reissue via Goldman
AXA Investment Managers is working with Goldman Sachs to reissue its second US CLO, Allegro CLO II

Axa IM prices July's 10th European CLO as continent sees volumes soar
Axa Investment Managers priced Europe’s 10th new issue CLO of the month on Friday in a deal arranged by Goldman Sachs

Axa IM markets new issue European CLO
Axa Investment Managers is marketing a new issue European CLO via Goldman Sachs

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

Axa IM brings in global head of fixed income
Axa Investment Managers has appointed Hans Stoter as global head of fixed income, Creditflux has learned

DWS looks to bring new faces to budding CLO management platform
DWS is intending to become the latest investment firm to build a European CLO management platform

Neptune hires former Axa IM global fixed income head Zemek
London-based Neptune Investment Management has hired the former global head of fixed income at Axa Investment Managers Theodora Zemek

Axa IM prices its first new CLO of the year with triple As at 110bp
US CLO spreads at the top of the capital structure have slid wider over the last month or so with Axa Investment Managers becoming the latest issuer to price senior CLO notes at 110 basis points

Axa IM picks up the pace as it markets new Allegro CLO
AXA Investment Managers is preparing to price its first CLO transaction of the year with a new issue 

French manager prepares $409.5 million short CLO via Goldman
The manager has hired Goldman Sachs to arrange its first CLO transaction of 2018

B-wic round up: investor flips 2018 CLOs without waiting for the closing date
Flipping CLOs is not an unusual trade. But it is when it's done before a transaction has even closed