- Direct lending (2)
- High yield bonds (1)
- Investment grade credit (1)
- Structured credit (5)
- CLO (remove)
- Distressed debt (1)
- Credit derivatives (6)
- Leveraged loans (3)
Park Avenue prices two CLOs in same year for first time17 hours ago
Park Avenue Institutional Advisers yesterday priced its second CLO of 2019, marking the first time the manager has priced two new issues in one year since establishing its platform in 2016
Two managers market their first ever European CLOs1 day ago
Two CLO managers are in the process of marketing their inaugural European CLOs to investors, according to market sources
Fort Washington joins growing list of prospective new CLO managers2 days ago
Fort Washington Investment Advisors is looking to set up a CLO management business, Creditflux has learned
Go long CLO triple-A and pick cash bonds over CDS, says JP Morgan3 days ago
Going long European CLO triple A paper remains one of JP Morgan strategists’ favourite trades following the European Central Bank stimulus announcement last week, despite these tranches having rallied 14bp on average since the bank first backed them. They also predict cash credit to outperform CDS
Revived CLO manager Gulf Stream begins warehousing as its team count hits 106 days ago
The reborn Gulf Stream Asset Management, led by CLO veteran Mark Mahoney, has begun warehousing its comeback CLO after making a couple of hires
AGL pre-markets debut US CLO7 days ago
AGL Credit Management is getting its US CLO issuance programme underway less than six months after being formed
Euro CLO league tables: back to earth in tandem as issuance nosedives14 days ago
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced
Pretium returns with first CLO of the year amid personnel changes1 month ago
Pretium Credit Management yesterday returned to the CLO primary market with its first transaction of 2019
US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million1 month ago
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.
Nochu's CLO holdings up 8% in Q2 while JP Morgan buys even faster1 month ago
Norinchukin Bank’s CLO portfolio grew another 8% in the second quarter to JPY 8 trillion ($74.12 billion) by 30 June, according to the bank’s latest quarterly report which was released today
Zais prices new CLO with record five classes of fixed-rate debt1 month ago
Zais Group has priced a new issue CLO via JP Morgan that issues five classes of debt paying fixed rates of interest
Whitebox debuts with $401 million CLO1 month ago
Whitebox Advisors yesterday became the seventh debut US CLO manager of 2019, according to market sources
Shenkman affiliate prices first new issue CLO after 12-month hiatus2 months ago
Romark Credit Advisors, the Shenkman Capital Management affiliate formed for risk retention compliance, has priced the third CLO under its own moniker named Romark CLO III
US CLO league tables: Octagon extends lead as many managers hit starting blocks in June2 months ago
CLO volumes recovered slightly in the second quarter, with $43.31 billion of primary activity – a 19.97% increase from the $36.1 billion produced in Q1
They said it: "I saw a CLO OM which ran 484 pages"2 months ago
At Creditflux’s Credit Dimensions event, JP Morgan’s Zaheen Mir argues that CSOs are simpler to understand than CLOs
Past returns: Blocking flexibility of CLO managers2 months ago
Ten years ago, we reported in Creditflux that JP Morgan had mounted a campaign to stop CLOs changing their trading guidelines. The bank’s treasury desk was and is among the biggest buyers of senior CLO tranches and it convinced other senior investors to block a change that would give CLO managers greater flexibility.
Fresh out the box: manager readies debut CLO via JP Morgan2 months ago
A US fund manager is launching its debut CLO - and there's not much in the way of triple A debt
CarVal and JP Morgan team up for third new CLO in just over a year2 months ago
CarVal CLO management priced its third new issue US CLO in 13 months yesterday, according to market sources.
CLO pipeline: Barclays and Goldman branch out to mid market2 months ago
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.
Rockford Tower and JP Morgan team to price new CLO2 months ago
Rockford Tower Capital Management priced its second new issue US CLO this year, Rockford Tower CLO 2019-2, according to market sources
CLO issuance faces threat amid loan definition dispute3 months ago
The clash over Millennium Laboratories’ bankruptcy could have ramifications for the CLO market, and it all hinges on the philosophical question: what is a loan?
Arrival of five-year bespokes draws in CLO investors3 months ago
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.
US CLO league tables: Octagon and Citi lead the way4 months ago
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million.
Birch Grove becomes 2019's third debut manager4 months ago
Birch Grove Capital yesterday became 2019’s third debut CLO manager, according to market sources
CLO pipeline: refinancings to make a comeback4 months ago
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.
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