17 results found Showing page 1 of 1
US hedge funds use leverage to buy European CLOs12 days ago
Boca Raton-based hedge fund manager III Capital Management is leading the charge as US hedge funds employ leverage to buy European triple A-rated CLOs.
CLO managers went to CCC, to see what they could CCC…14 days ago
CLO portfolios are drifting towards low single B and triple C names. But triple C buckets are not in danger of overflowing, so managers can be even more aggressive
US CLOs thrive as managers embrace secondary loan market1 month 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.
Euro CLO managers ditch Moody’s as negative views rise1 month 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 CLO1 month 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.
US loan trading: CLO managers on cloud nine after Ultimate Software allocations2 months ago
CLO managers took down about 27% of Ultimate Software's loans in April, when the cloud operator issued its $2.3 billion first lien term loan due 2026, according to CLO-i
Market bemoans Europe’s lack of CLO manager tiering3 months ago
Manager tiering became a hot topic in Europe again last month following Credit Suisse Asset Management’s decision to break with tradition by syndicating its triple A notes in Madison Park Euro Funding XIV, rather than place the notes with an anchor investor.
Cayman Island hopping: EU laws provoke switch in CLO listings3 months ago
The Cayman Islands Stock Exchange (CSX) is set to become the listing place of choice in 2019 for CLOs put together by US managers — at least, according to a bold prediction by law firm Harneys.
Doing CLOs is hard work as recovery lags3 months ago
There’s scrutiny on staffing, structures and, of course, ‘the challenging arb’. But Q4 volatility created opportunity, which led speakers at the Creditflux CLO Symposium to ask for more
Baird targets CLO arranging business3 months ago
A New York brokerage with a CLO trading business is making a pitch to be the first debut arranger of the year. According to market sources, RW Baird has hired CLO origination specialist Mario Verna with a view to building out a CLO primary business. In March, Verna left Guggenheim Securities, where he served on the CLO desk as a managing director.
Gateway sees an opening for CDOs with flexible mandates4 months ago
Gateway Credit Partners is taking an unconventional route towards building a corporate credit management platform by creating its business around CDOs
Loan trading round-up: CLO managers fall out of love with First Data5 months ago
An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans
Loan sell-off leaves some CLO warehouses out of the money6 months ago
The December sell-off in the loan market may have been good for CLO equity but it left many warehouses out of the money, according to several sources
Tail wags dog as European CLOs' 108bp benchmark drags loans6 months ago
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true
Podcast: Secondary loans rebound, CLOs widen and covenants deteriorate7 months ago
Creditflux, Debtwire and Xtract discuss the current state of the market
CLO issuance will temper as market remains in 'exploratory mode', notes BAML research8 months ago
Following a bout of volatility in the loan market, CLO issuance will be tempered as debt and equity investors rediscover correct pricing levels, according to a new research paper published this week by Bank of America Merrill Lynch
European CLO volumes to drop in 2019, but mezz could benefit, says BNP Paribas9 months ago
Demand for European leveraged loans will be lower in 2019 due to lower CLO issuance, predicts BNP Paribas
17 results found Showing page 1 of 1
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