Global CLO b-wic round-up: record level of CLO paper stalls rally
Record levels of primary and secondary CLO supply has left investors spoilt for choice and led to the CLO rally stalling

HarbourVest fights back over CLO fund investment after Highland's objection
HarbourVest Partners, the key investor in risk retention vehicle Highland CLO Funding, has shot back at Highland Capital Management in court, arguing it had not insisted on changing the manager on its CLO fund from Acis to Highland, as Highland had claimed

Guernsey puts Highland wrangles out to pasture
A royal court’s dismissal of proceedings in Guernsey could spell the beginning of the end in Highland Capital Management’s legal action against former employee Josh Terry

Acis CLO fights back against risk retention financier
A 2014 US CLO which was part of the acrimonious split between asset managers Acis Capital Management and Highland Capital Management has become the centre of a dispute stemming from a risk retention financing agreement signed in 2018

OC health check: US CLOs show improvement as first euro CLOs breach multiple tests
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.

Dishware maker files for bankruptcy as CLOs hold $200 million
CLOs hold $207.58 million of Libbey Glass, which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware on Monday, as a result of the firm's impending debt maturities and the impact of coronavirus

Highland directors intervene to get CLO mismanagement lawsuit dropped
Details have emerged about the nature of the ‘CLO mismanagement’ lawsuit filed on behalf of a charitable fund, seeded by Highland Capital Management, after it was dropped by plaintiffs

Charitable daf "seeded by Highland" files lawsuit alleging CLO mismanagement
A charitable organisation has filed a lawsuit against several parties managing and monitoring a pair 2.0 CLOs in which it has exposure to the equity tranche

Highland Capital Management LP bankruptcy moves to hostile territory
Highland is set to return to the scene of trauma, as its restructuring moves to a Texas bankruptcy court

CLO portfolio manager Terry takes over at Acis as it emerges from bankruptcy
Josh Terry has taken control of the CLO management business used to run after Acis Capital Management announced that its reorganisation plan became effective on 15 February

Highland slams court's approval of CLO manager's restructuring plan
Highland Capital Management has spoken out against a US bankruptcy court’s confirmation of Acis Capital Management’s restructuring plan, saying it expects the decision to be overturned

Acis Capital Management's Chapter 11 restructuring plan confirmed
The United States Bankruptcy Court in Dallas today confirmed the chapter 11 restructuring plan of Acis Capital Management

Debtwire: Acis bankruptcy judge looks to mediation as litigation piles up
Acis Capital Management’s Chapter 11 trustee is developing a new plan proposal that would rectify a provision that caused a bankruptcy judge to reject an earlier plan two weeks ago

Debtwire: Acis CLO judge finds all three plan options unconfirmable and sides with Highland's objections
Acis Capital Management’s judge last week issued a ruling denying all three versions of Acis’s proposed reorganisation plan, which was highly contested by creditor Highland Capital Management and subordinated noteholder Highland CLO Funding

Acis CLOs in play as court verdict paves the way towards bankruptcy
Acis Capital Management has moved closer to bankruptcy after a US court found that orders for relief are required

Former Acis partner Josh Terry suggests the firm is bankrupt
The long-running legal battle between Acis Capital Management and former partner Josh Terry continues, with Terry now suggesting Acis is bankrupt and filing as a creditor with a Texas court

Former Acis partner Josh Terry accuses firm of fraudulent transfers
A Dallas court has once again ruled in favour of former Acis Capital Management partner Josh Terry in his long-running dispute with the asset management firm –and now, Terry has accused Acis of plotting to change managers on its CLO to avoid paying him an $8 million award

Dallas manager reverts to Highland branding as it prices CLO reset
Highland CLO Management, an affiliate of Acis Capital Management, has priced its first CLO transaction of the year    

Court confirms $8 million ruling in favour of former Acis partner Josh Terry
A Dallas court has ruled in favour of former Acis Capital Management partner Josh Terry in his long-running dispute with the asset management company, according to court documents seen by Creditflux    

Acis's legal battle with former partner takes new turn
The legal battle between Josh Terry and Highland affiliate Acis Capital Management shows no sign of slowing down, with Terry – a former partner in Acis, who co-founded the firm in 2011 --issuing a fresh legal motion in the case

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

CLO buckets come good for unpopular CLOs-squared
A recently redeemed Highland CLO shows that CLO squareds have performed well despite the ratings volatility suffered by CLOs following the financial crisis.    

Ex-Greywolf official joins CLO manager to cover risk retention strategy
A former Greywolf official has joined a large CLO manager in a business development role. Initially his focus will be on growing the firm's existing CMOA

Acis secures tight triple-A print as it refinances 2013 vintage CLO
Acis Capital Management has completed its second primary CLO deal in two days, according to market sources

Dallas-based manager prices first CLO with new CMOA structure
A large US CLO manager has priced its first risk retention-compliant CLO, in a $405.5 million deal, according to market sources