European CLO trader set to join Axa IM
An experienced CLO trader in London is going to be taking on his first buy-side role, sources say

Listed CLO fund rebounds in April with 5.7% gain
US and European CLO equity tranches brought in gains of 10% in April for the fund, US CLO debt 12.1%, ABS 0.6% and bank balance sheet transactions 0.3%

Listed CLO fund declares May dividend after equity avoids cashflow diversion
Axa Investment Management has declared an interim dividend on its listed CLO fund, Volta Finance, after cancelling its April dividend citing the uncertainty of cash flow payments

Global CLO b-wic round-up: equity makes a return as investors search for price levels
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market

Structured credit fund loses 32.4% in March as junior US CLO debt slumps
Volta Finance’s net asset value dropped 32.4% in March, according to a monthly report released yesterday. US CLO debt was the weakest performer for the structured credit fund, managed by Axa Investment Managers, losing 41.3%.

Four managers eye breakthrough new issue European CLOs
The European primary CLO market is showing signs of revival with four managers eyeing deals

Axa IM cancels Volta dividend due to CLO equity cash flow uncertainty
Axa Investment Managers has has cancelled the 28 April dividend payment to investors in its listed credit fund Volta Finance “in light of the ongoing uncertainty caused by the covid-19 pandemic"

Credit funds at a glance

A round-up of fundraising and people moves in credit

Fund perfomance: Slowdown for some as pandemic takes hold

Axa IM brings together real assets and structured finance in reorganisation
Axa Investment Managers is set to split its platform in two with an 'alternatives' business and a 'core' division  

Axa IM launches SRT fund after record-breaking 2019
Axa Investment Managers says it has held a first close on a fund that invests in significant risk transfers

Axa terminates $14 billion fixed income mandate with AB as it takes assets in-house
Axa has terminated a $14 billion taxable-fixed income investment mandate with AB

Axa IM makes savings at triple A level, but juniors widen as it prices new US CLO
Axa Investment Managers has priced a new US CLO which underlines how senior CLO spreads have been stable this year, while junior spreads have shot wider

Ex-CQS portfolio manager resurfaces at Axa IM
A former European leveraged loan portfolio manager who left CQS in July 2018 has resurfaced at Axa Investment Management

CLO pipeline: DFG keeps its finger on the pulse
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market

The ideal home for a loan

Euro CLO league tables: repricings take centre stage in bumper month as CVC leaps into first
The European CLO market returned with a bang in September as €4.8 billion of issuance priced of which €2.7 billion was in repricings.

Credit funds at a glance
A round-up of fundraising and people moves in credit

Axa IM appoints head of European loans
Axa Investment Managers has promoted a senior portfolio manager to head of European loans

Euro CLO round-up: debt investors own the floor as tempo picks up
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter.

Spreads tighten 3bp as Axa IM prices first European new issue CLO for 12 months
Triple A CLO spreads tumbled in Europe again on Friday as Axa Investment Managers priced its first new CLO in 12 months, according to market sources

CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter
US and European CLO managers are preparing to up the ante in September, but they will have to defy a trend set a year ago

Axa IM promotes global head of loans and private debt following Levilain departure
Axa Investment Managers has promoted a new global head of leveraged loans and private debt to fill the vacancy left by Jean-Philippe Levilain, who has left to join CBAM

US CLO giant CBAM makes big hire as it moves into Europe
CBAM has revealed plans to move into European credit and has hired an experienced loan manager to oversee the launch of the business

Axa IM hires BlackRock PM for global credit strategies
In a newly created role, the hire will be responsible for the firm's global credit strategy in its buy-and-maintain team