Refine Search
Article Categories
Strategy Tags
- Direct lending (7)
- High yield bonds (13)
- Investment grade credit (7)
- Structured credit (7)
- CLO (25)
- Distressed debt (1)
- Credit derivatives (14)
- Leveraged loans (13)
Geography Tags
-
Points up front: Whatever the size, CLO performance dwarfs others
1 year ago
A graphic depicting the investment fund universe was doing the rounds on social media late in 2022... -
Past returns: Alhambra CLO paves the way
1 year ago
Five years ago in Creditflux, we reported that Be-Spoke Capital was launching the first SME European CLO since the financial crisis. -
Points up front: CLO managers didn’t take advantage of volatility, say CLO managers
1 year ago
Creditflux’s CLO Census shows CLO managers can be hard on themselves -
CSAM does the CLO awards double
1 year ago
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it -
We’ll get through this awkward patch
1 year ago
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As -
"Wholesale moves into risk areas after internal changes should sound an alarm"
1 year ago
The composition of CLO managers is changing, so management styles may drift -
"It’ll take something special to drag my attention away from Depp/Heard, but Jerome Powell could just do it"
1 year ago
It’s not easy letting go of the past, but May heralds the start of something new in credit -
Points up front: "It’s all me, me, me"
1 year ago
A study last month by the University of Marburg found that narcissistic fund managers are up to 34% more likely to deviate from their advertised investment style, and they tend to underperform non-narcissists. -
"If omicron paradoxically lowers the temperature of the market, that may be no bad thing"
2 years ago
The global economy is well protected against omicron — and a mild infection may be beneficial -
"We again have to flag up information in CLO marketing pitches that can mislead investors"
2 years ago
Cash-on-cash returns, default records and leverage statistics don’t always give CLO investors the full picture -
Past returns: KKR’s unusual CLO liquidation
2 years ago
Five years ago in Creditflux, we reported that junior debt investors in a KKR-managed European CLO voted to alter the deal’s documentation so they could drive a liquidation of the legacy deal, such that they would receive roughly 92% of par -
The Creditflux CLO Symposium was back as an in-person event for the first time in two years and participants were delighted to socialise and bask in an amazing year for the credit industry2 years ago
-
"In the afternoon I awoke from a pile of willow leaves to discover we had created a Welsh ether-based token"
2 years ago
A localised crypto-currency boom and bust cycle teaches Welshcake (again) that everything becomes correlated in a downturn -
"Watch the IG credit curve — we may see steepening of IG 5s10s and flattening of 10s30s"
2 years ago
Stimulus measures are supporting short tenors, and pension demand for 30-year paper is strong, so 10-year IG credit may have few buyers -
"We have to think about the influence of social media like Reddit"
2 years ago
Schroders' Michelle Russell-Dowe takes our credit quiz -
People underestimate the impact they can have with ESG
3 years ago
Muzinich's Kirsten Bode takes our credit quiz -
Some managers calculated their CLOs were passing OC tests, only to find them failing the next day
3 years ago
Corporate credit downgrade storms have been weathered before, but this one has come out of season -
There will surely be jewels in the high yield dung heap, but the risk-reward is more compelling in IG
3 years ago
Whatever the long-term effects of the pandemic, one thing stays the same: IG looks attractive -
They said it: There will be a re-tiering of managers after this
3 years ago
"There will be a re-tiering of managers after this" -
Where are the gloating I-told-you-so columnists who claimed CLOs would bring global destruction?
3 years ago
We have seen a measured response to the coronavirus crisis: fund managers aren’t collapsing and investors are not shunning CLOs -
Past returns: Death by triple Cs? A step too far
3 years ago
15 months ago in Creditflux we reported that corporate credit downgrades, rather than defaults, were the biggest problem facing CLO portfolio managers -
Miscast as the villains of the 2008 crisis, CDS may prove to be the heroes of 2020
3 years ago
Credit default swaps provide investors with valuable signals on the depth of the coronavirus crisis -
Investors need to ask: can my asset manager survive the crisis?
Mergers, declines in assets and changes in risk profile can signal that an investment manager is not as healthy as it was -
The opportunities to build par and spread within a CLO haven’t been this plentiful since 2009
3 years ago
Last year’s CLOs could become the benchmark for manager performance -
Distressed exchanges offer pathways to recapture value that others are trying to take from CLOs
4 years ago
Volcker rule amendments could protect CLOs from losing out to distressed funds in a restructuring
Want all the latest news, comment, analysis and data?