Western AM goes short-tenor for first CLO of the year
Western Asset Management priced its first new issue of the year on Friday, and its fifth of the Crown City moniker it adopted in 2020

Public credit markets "most attractive for 15 years" says Wamco
The US Federal Reserve is helping to create the potential for the "most attractive opportunity in public credit markets in the last 15 years", according to a research note published by Western Asset Management

CLO rankings: manager AUM, advisory firm and trustees Q3 2022
After a frenzy of acquisitions reshaped the manager assets-under-management tables in the first half of the year, challenging market conditions have slowed the pace of both acquisitions and pricings

Wamco goes for novel call/reinvestment structure as it prices US CLO
Western Asset Management Company priced a CLO via Bank of America on Monday, growing its CLOs under management to $1.4 billion

Western unveils Article 8 global corporate bond fund targeting carbon reduction
Western Asset has launched a sustainable global corporate bond fund Western Asset Sustainable Global Corporate Bond Fund, which it says will give investors access to a portfolio targeting carbon reduction

Three new deals bring weekly US CLO reset volume to $3.9 billion
Three US CLO resets priced on Thursday, bringing weekly reset volume for the week to $3.9 billion across eight transactions

Weekly reset volumes for 2020 US CLOs surpass $2 billion
Assured Investment Management and Western Asset Management have have become the fourth and fifth managers to reset a post-covid CLO this week

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

JP Morgan prints CLOs for CarVal and Western
JP Morgan has issued new CLOs for CarVal CLO Management and Western Asset Management Company

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

Western makes swift return following June comeback with second new CLO of 2020
Western Asset Management has priced its second CLO of 2020, teaming up with Citi to issue the $355.5 million deal named Crown City CLO II

Two managers beat 80 others for £660 million multi-asset credit mandate
The UK's Local Government Pension Scheme Central has selected two managers for its £660 million Multi-Asset Credit Fund

Legg Mason teams with affiliate Western for credit fund
Legg Mason has teamed up with its affiliate Western Asset Management to launch a closed-ended fund to invest in a diversified portfolio of fixed income securities, according to fund registration filed by the pair yesterday

Western issues first new money CLO since 2014
Western Asset Management made a grand return to the CLO primary market after issuing its first new deal since 2014, according to market sources

Western set to make CLO comeback after six-year absence
Western Asset Management is marketing its first new issue CLO in over six years, according to market sources

CLO pipeline: manager prepares crowning return as primary market gets busy
CLO secondary prices have rallied hard in recent weeks, providing impetus for the new issue deal pipeline to fill up quickly. But one surprise is that Western Asset Management has chosen this moment to return to the primary CLO market, after several years' absence

Western adds 5% CLO bucket to listed US loan fund
Western Asset Management has added CLO debt and equity tranches to the investment mandate on a loan fund that is listed on the New York Stock Exchange

Western to launch European loan business after hiring portfolio manager
Western Asset Management is launching a European corporate loan business after hiring an experienced credit portfolio manager with a background rooted in the CLO industry

Liquidity and disclosure issues threaten potential CRE CLO market
Most investors that participate in the commercial real estate CLO market want to increase their exposure. But the lack of liquidity and standardised disclosure is holding them back.

Boutique CLO manager becomes first to refi post reinvestment CLO this year
A California-based CLO manager has become first firm this year to refinance a CLO that has left its reinvestment period

Western Asset Management puts emphasis on IG credit for listed fund
Western Asset Management Company has renamed its Western Asset Income Fund to Western Asset Investment Grade Income Fund

Fixed income inflows boost Legg Mason
Baltimore-headquartered Legg Mason has reported inflows of $7.9 billion for its fixed income business in the quarter ended 30 September, according to a recent earnings call

Insurer announces 51bp operating expense hike for debt securities fund
Pacific Life Insurance Company has announced a subadvisor swap and sharply increased expenses on its Inflation Strategy portfolio

Citi refinances two 2014 vintage CLOs in quick succession
The CLO refinancing wave continued today as Citi priced two deals in quick succession, according to market sources

Control of 2013 US CLO changes hands amid talk of low 20s valuation
A $50 million b-wic featuring control of Mountain Hawk CLO II traded yesterday, according to market sources. The CLO has recovered somewhat after a rocky 2016, but price talk on the equity tranche suggested future distributions will be low