Making arb work of it

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

Making arb work of it
In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios. 

AGL prices largest five-year CLO so far in 2020
AGL Credit Management has priced the largest new money CLO of 2020 with five years of reinvestment

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

AGL follows up October CLO debut with new low-levered deal
AGL has made good on its low levered CLO promise after pricing AGL Core CLO 2 via BNP Paribas on Friday

Volatility wave brings index-linked CLO funds into play
Defensive positioning from loan managers has led to bifurcation in that market, but CLO fund managers are taking an attack-minded approach with ‘index-linked funds’.

AGL targets new strategy with unusual low-levered CLO
AGL Credit Investors is testing the water with a new CLO structure, according to market sources

US CLO league tables: Octagon retakes US lead, but CSAM still on top globally
Octagon Credit Investors priced Octagon 45 via Goldman Sachs to overtake CSAM by just $33.3 million in overall US issuance, but CSAM still leads the way in new US CLO and global CLO issuance

Global CLO round-up: Europe mops up demand, as Euribor hits the floor
The final stretch of the year began with a bang, with the first week of Q4 bringing $3.3 billion of CLO issuance in the US and €1.2 billion in Europe. But the resurgence in volumes was not the only talking point last week, with Europe coming into focus as spreads surfed tighter

AGL makes US CLO market debut via JP Morgan
The world welcomed a new CLO manager on Friday as AGL Credit Management priced its first ever transaction, named AGL CLO I

CLO pipeline: newcomers look to impress at debutante ball
The pace of CLO issuance accelerates with each passing week, with debutantes lining up to join more prolific managers as Europe builds momentum and the US floodgates open 

CLO pipeline: new kids in class look to excel on first assignments
The summer holiday is well and truly over with the European CLO market building on last week’s momentum as three new deals and one reset are to enter the primary market. 

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions

AGL further expands with hires from CIFC and Mizuho
AGL Credit Management, founded by former CIFC chief executive officer Peter Gleysteen, has appointed a further two officials to its New York office

AGL confirms Comer hire in New York
AGL Credit Management has today confirmed the appointment of Wynne Comer as chief operating officer. Creditflux first reported on the move last week