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CLO triple A tiering grew to 48bp by December, says PennMutual
2 months ago
The triple A spread differential between top and lower tier CLO managers widened to 48 basis points by the end of 2022 from just 18bp at the start of the year, according to new research published by PennMutual Asset Management -
Former Penn Mutual CLO specialist lands at US insurer
2 years ago
A well known CLO tranche investor has joined an insurer after eight years at Penn Mutual Asset Management -
CLO managers look to move away from ‘spiky’ triple Cs
3 years ago
CLO managers are in the process of de-risking their portfolios by rotating out of triple Cs into less risky credits following a volatile month in markets, according to multiple sources. Creditflux analysis shows that, for the past couple of years, managers have become emboldened with triple C and B3/B- loans making up 25% of the portfolios of 50 US CLO managers. -
Ohio pension fund drops Penn after rewriting its allocation to high yield
5 years ago
The Ohio Police and Fire Pension Fund (OP&F) decided last month to drop Penn as part of its decision to downsize the high yield asset class, according to a fund announcement -
Penn launches mutual fund platform with two credit strategies
7 years ago
Philladelphia-based asset manager launches trio of mutual funds on new platform
5 results found Showing page 1 of 1
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