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Axa IM fund drops in July as it seeks call on non-paying 2013 CLO
3 years ago
Volta Finance, a publicly listed CLO fund managed by Axa Investment Managers, was down 1.2% in July (after its 11 cents per share dividend payment) due to US dollars depreciating against euros by 4.6% during the month, Axa said in the fund's monthly update -
US CLO single Bs reach post-crisis tights despite rating pressure
3 years ago
US CLO single Bs are trading at their tightest levels since the coronavirus pandemic outbreak and ,while these bonds make up a tiny slice of the market, more and more instances of single B b-wics are ocurring -
OC health check: all quiet on the overcollateralisation front
3 years ago
Eight US broadly syndicated loan CLOs reported overcollateralisation test breaches last week during a quiet reporting period in which only 40 CLOs published a trustee report, according to CLO-i, but focus is turning to the swathe of CLO distributions coming due. -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
OC health check: US CLOs show improvement as first euro CLOs breach multiple tests
3 years ago
15 deals reported a breach in an overcollateralisation test last week according to the latest reports available on CLO-i, including one European CLO and 14 US broadly syndicated loan CLOs. -
Listed CLO fund rebounds in April with 5.7% gain
3 years ago
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% -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
3 years ago
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
4 years ago
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%. -
Axa IM cancels Volta dividend due to CLO equity cash flow uncertainty
4 years ago
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" -
A round-up of fundraising and people moves in credit
4 years ago -
Fund perfomance: Slowdown for some as pandemic takes hold
A round-up of fund performance4 years ago -
Axa IM brings together real assets and structured finance in reorganisation
4 years ago
Axa Investment Managers is set to split its platform in two with an 'alternatives' business and a 'core' division -
Axa terminates $14 billion fixed income mandate with AB as it takes assets in-house
4 years ago
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
4 years ago
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 -
CLO pipeline: DFG keeps its finger on the pulse
4 years ago
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 -
Credit funds at a glance
4 years ago
A round-up of fundraising and people moves in credit -
CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter
4 years ago
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
4 years ago
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 -
Axa IM finds replacement for top fixed income role
4 years ago
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
4 years ago
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
4 years ago
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
4 years ago
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
4 years ago
Axa Investment Managers teamed up with Bank of America Merrill Lynch yesterday to price its latest CLO, becoming the 70th manager in 2019 with a new issue deal under its belt -
Creditflux reveals finalists for most competitive Manager Awards ever
5 years ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May -
Axa IM buys US commercial mortgage business from Quadrant
5 years ago
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.
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