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Ucits at a glance: Long-short approach lifts Pictet to the top
A round-up of ucits fund performance4 years ago -
Fund perfomance: Slowdown for some as pandemic takes hold
A round-up of fund performance4 years ago -
S&P adds to CLO negative watch list as loan downgrades pick up
4 years ago
Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors -
Fitch puts European and US CLO notes on negative watch after coronavirus stress test
4 years ago
Fitch Ratings has placed six notes from one European CLO, one US static CLO and one US middle market CLO on negative watch, following coronavirus-related stress tests placed last week -
Listed credit fund sheds CLO triple As
4 years ago
Chenavari's listed credit fund, Chenavari Toro Income Fund Limited, has sold European CLO triple A paper to raise cash to answer margin calls related to CLO warehouse and CLO triple A repo exposures -
US loan index rises for second consecutive day
4 years ago
The credit markets felt some reprieve on Thursday as the S&P/LSTA index rose for the second consecutive day, rising by an unprecedented 3.33% -
30% of CLOs will breach their 7.5% triple C buckets, says BofA
4 years ago
The number of CLOs tripping their 7.5% buckets for loans rated triple C is set to soar from 8% to around 30%, according to the latest research from Bank of America -
Bank looks to unwind $632 million loan TRS
4 years ago
A US bank has looked to liquidate a total return swap vehicle by putting out a loan bwic, according to market sources, with the vehicle sized at $632 million -
CLOs pressured by sub-80 loan index as UBS predicts $550 billion of distress
4 years ago
CLOs were squeezed again today as the coronavirus selloff continues to hammer the loan market and UBS predicted many leveraged loans will become distressed -
CLOs process Internap bankruptcy as they hold $212 million
4 years ago
CLOs hold $212 million of the debt of Internap Technologies, which filed for Chapter 11 in the Bankruptcy Court for the Southern District of New York on on Tuesday -
Silver lining: credit investors provided with lower entry points than Q4 2018
4 years ago
Oil shocks and the coronavirus outbreak, along with aftermath effects such as US Federal Reserve interventions and lockdowns, is providing credit investors with lower entry points than the Q4 2018 sell-off, say sources. Furthermore, an expected U-shaped rather than V-shaped recovery could provide a greater money multiple for opportunistic investments - if they can access them -
CVC listed credit fund 'pre-emptively' sheds covid-19 related positions
4 years ago
CVC Credit has taken a conservative approach to addressing covid-19 volatility in its listed opportunistic credit fund, with the fund divesting several credit positions to manage risk -
Loan index drops below 90 for first time since February 2016
4 years ago
The S&P/LSTA leveraged loan index dropped below 90 today as the coronavirus pandemic continues to wreak havoc on the world's financial markets -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
Dispersion tests hedge fund managers
Credit hedge funds with the ability to go long and short the market were the top performers last year. But dispersion made it possible for fund managers to eke out value across many sectors4 years ago -
CLO managers don’t always prioritise profits
Research into CLO trading by professors Florin Vasvari and Maria Loumioti leads them to believe that, when CLOs are bound by strict constraints, managers tend to focus on ‘compliance trading’4 years ago -
Credit funds at a glance
4 years ago
A round-up of fundraising and people moves in credit -
Fund performance: CLO funds pick up where they left off
4 years ago
A round-up of fund performance -
Ucits at a glance: Ucits start year on high note
4 years ago
A round-up of ucits fund performance -
European CLO managers with big bond buckets do best, finds Bank of America
4 years ago
European CLO managers that trade in the secondary market and hold a higher percentage of fixed rate assets are likely to outperform their peers, Bank of America finds in latest research -
CLOs dock $100 million of Pier 1 as it plunges into Chapter 11
4 years ago
CLOs hold just over $100 million debt of Pier 1 Imports, which filed for voluntary Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia yesterday -
S&P prescribes Akorn with triple-C rating amid possible bankruptcy
4 years ago
Akorn, a pharmaceutical company, has been downgraded to triple-C by S&P, following the announcement that Akorn has agreed plans to sell all its assets to repay debt as part of its standstill agreement extension -
CLOs feel flat after housing $335 million of bankrupt RentPath
4 years ago
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday -
Credit Rendezvous: the outlook in 2020 across a dozen segments of the credit market
4 years ago
Welcome to the Credit Rendezvous, the first instalment of a regular feature published by Creditflux that tracks credit market dynamics in a dozen segments from investment grade, liquid loans, CLOs and CSOs all the way through to distressed debt. We view this as the meeting point for credit specialists across strategies to share their perspectives -
Fund performance: Presents under the tree as CLO funds perform
A round-up of fund performance4 years ago
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