Octagon cements itself as most prolific refinancer of fixed-rate CLOs
Octagon Credit Investors teamed up with Goldman Sachs on Friday to refianance the $10 million double A-rated fixed tranche of its 2017 CLO Octagon Investment Partners 32

Pimco pre-markets comeback US CLO with new PM at helm
Pimco is returning to CLO management after a 13-year absence with a recently-appointed official expected to oversee the deal

Antares names loan head successor following retirement
Peter Nolan, head of loan syndicate, sales and trading at Antares Capital is set to retire from the $27 billion firm

Symphony issues first CLO since integration with Nuveen
Symphony Asset Management has priced its first new issue CLO in nine months, and its first since announcing the integration of its leveraged finance business with affiliate Nuveen

Cerberus takes lead in mid market CLO volume post-covid
Cerberus Business Finance has become the middle market CLO manager with the highest new issue volumes post-covid by printing its second new issue deal since April

Eaton Vance prices first CLO following Morgan Stanley buyout announcement
Eaton Vance has priced its first CLO following its buyout announcement

Marathon prices first new issue CLO of 2020
Marathon Asset Management has completed its first new issue CLO of 2020

GSO edges past Redding Ridge in 2020 CLO new issues with US deal
GSO Capital Partners priced a new issue US CLO on Friday, bringing its total volume globally for 2020 ahead of Redding Ridge Asset Management for the first time since March

New credit hedge fund manager hires from Man GLG in London
A start-up credit fund manager has added to its ranks by hiring a portfolio manager

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

US private credit Q3 default rate halves to 4.2%: Proskauer
US private credit default rates fell in the third quarter to 4.2%, half of the 8.1% recorded in Q2, according to law firm Proskauer’ Private Credit Default Index

AMMC makes CLO new issue comeback after more than two years away
American Money Management Corporation has made a long-awaited comeback in the CLO primary market by printing its first new issue transaction since March 2018

Lazard AM adds boutique's four-person long/short credit team
Lazard Asset Management has expanded its $4.5 billion ‘alternative investment’ platform by bringing on board the credit team from boutique Coherence Capital Partners

Elmwood officially reopens CLO reset market with five-year extension of debut deal
Elmwood Asset Management has completed the US CLO market's first reset transaction for almost eight months, after teaming up with Citi to reset its debut CLO from 2019 named Elmwood CLO I

[update] Beneath the triple C: theme parks take portfolios on downward ride
Seven corporate debt issuers were downgraded to triple C or below in September by Moody’s or Standard and Poor’s – hurting $2.16 billion of US CLO loans and €1.16 billion of European CLO portfolio. The pace of CLO loan downgrades to triple C has slowed steadily since the peak in April

AB returns to mid market CLOs with first new issue post-covid
AllianceBernstein has issued its second middle market CLO of 2020, and its first in the post-covid market environment

High yield shorts and basis trades abound as borrowers race to issue
Discrepancies between high yield bonds and CDS could be a rich mine of activity in the coming months, say investors, with volatility set to rise while defaults and late cycle signals avail trading opportunities

New York fund manager hires former Ellington CSO specialist
A credit fund manager has hired a structured credit specialist to cover corporate credit and structured credit products such as CLOs and CSOs

We've got five years, what a surprise
The third quarter will be remembered as a period of breakthroughs for the CLO market, fuelled by renewed hope of returning to a degree of normality after the coronavirus pandemic changed everything in mid-March

Silver Rock becomes third debut US CLO manager of 2020
The world welcomed a new CLO manager into the market yesterday as Silver Rock Management issued an inaugural transaction via Citi

Anchorage mixes it up with unusual 'partial reset' of US bond-flex CLO
Anchorage Capital Group has become the first manager to partially reset a bond-heavy CLO

Former LibreMax official reunites with colleague at distressed firm
A6 co-founder Michael Fine, former head of corporate credit at LibreMax, has appointed a former colleague as head of trading and research

Perceptive holds $1.1 billion final close on healthcare direct lending fund
Perceptive Advisors has held a $1.1 billion final close on its its third healthcare-focused direct lending fund, Perceptive Credit Opportunities Fund III

Senior bond-flex CLO tranches are 'cheapest bonds within securitised products': BofA
Triple A-rated notes of bond-flex CLOs are 'one of the cheapest bonds within securitised products', according to a new research paper by Bank of America