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Sound Point becomes 5th largest CLO manager as Assured deal completes
2 months ago
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world. -
Former Symphony chairman Stein returns to lead CLO business at large asset manager
4 months ago
Well-known CLO business builder Gunther Stein is set to join a large CLO issuer after four years away from the market -
Sound Point to take on Assured's asset management business in new partnership
5 months ago
Assured Guaranty and Sound Point Capital Management have struck up a partnership, according to an announcement, which will make Sound Point the fifth largest CLO manager globally. -
CLO M&A hits new heights with anticipated Assured deal
Last year saw a record M&A volume centred on credit asset managers, with a study by Gapstow revealing the total assets under management of acquired firms was $326 billion, compared to $140 billion in 2021. -
Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
8 months ago
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion -
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 -
Triple As widen to 155bp with latest Assured new US CLO
1 year ago
CLO triple A spreads moved wider again on Tuesday as Assured Investment Management priced the senior notes of its latest deal at 155 basis points over Sofr -
Manager tiering crystalises as Assured IM prints five-year reinvestment CLO
1 year ago
Assured Investment Management priced a new CLO named BlueMountain XXXIV on Wednesday, -
Three new deals bring weekly US CLO reset volume to $3.9 billion
1 year ago
Three US CLO resets priced on Thursday, bringing weekly reset volume for the week to $3.9 billion across eight transactions -
AMMC and Assured refinance CLOs to the tune of $715 million
1 year ago
American Money Management Corporation and Assured Investment Management together refinanced $714.8 million worth of CLO liabilities on Friday -
Assured confirms Bain Euro CLO wrap trade
1 year ago
Assured Guaranty has confirmed it guaranteed the triple A tranche of the European CLO -
Investors behind CLO guarantees emerge as Assured wraps third deal
1 year ago
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
1 year ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
2 years ago
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources -
Financial guarantees make comeback in European CLOs
2 years ago
European CLO tranche insurance has made a comeback, with sources indicating Assured Guaranty has guaranteed tranches in two Euro CLOs for two separate European investors (a bank and an insurance company) in the past month -
TriMark court ruling encourages peace between lenders
2 years ago
Many CLO managers breathed a sigh of relief in August, with one source indicating a recent court case decision sent a “clear signal that the spate of lender-on-lender violence in the leveraged loan market will not remain unchecked” -
Assured cuts funding costs of 2016 CLO by 21bp with refi
2 years ago
Assured Investment Management has cut the funding costs of its 2016 CLO named BlueMountain 2016-2 by 21.1 basis points in refinancing the deal via Citi -
Assured dons classic CLO attire as it prints US deal
2 years ago
Assured Investment Management has gone for the classic look, pricing a deal that bears many of the hallmarks of the archetypal CLO structure -
Assured splits triple Bs in reset of 2019 CLO
2 years ago
Assured Investment Management has teamed up with Barclays to reset its 2019 deal BlueMountain CLO XXV -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
2 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
Lighten up, these are due an upgrade
2 years ago
CLO triple C buckets were overflowing last year, but the average exposure is now 7.3%. That is still close to trigger levels, but CLO managers are relaxed, as further loan upgrades are on the horizon -
Woah, we’re halfway there
2 years ago
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform -
CLO pipeline: go long! new issues and resets push refis aside
2 years ago
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues -
CLO pipeline: busy year, so let's take time to reset
2 years ago
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline -
CLO pipeline: snow business like the CLO business
2 years ago
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.
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