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209 results found Showing page 7 of 9

  • It’s going to be a credit picker’s market
    Our panel of experts believe that the credit market will be volatile this year, but there will be opportunities in European credit and additional tier one bonds, trups CDOs and unitranches

    5 years ago
  • Keep calm and buy corporate loans
    Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

    5 years ago
  • The financial crisis was the making of ’em
    Some of the largest and best performing CLO managers before the crisis were fairly nimble by today’s standards — but these 1.0 outperformers are now among the biggest names in the industry

    5 years ago
  • After early crescendo CLOs end on flat note
    Huge issuance and the end of risk retention ensured the US CLO industry was buoyant in early 2018, but later in the year the term curve flattened, pricing levels became sporadic and volumes dwindled

    5 years ago
  • Risk retention was difficult, but worth it
    When US skin-in-the-game rules were announced in 2014, it was clear they would be a burden for managers. But no one expected risk retention funds to bring new types of investor into CLOs

    5 years ago
  • October: credit funds at a glance
    For the full report detailing fund trends, people moves and fund raising and launches

    5 years ago
  • September: Ucits at a glance
    Ucits funds continue to post mixed returns

    5 years ago
  • Europe adapts to harsher CLO climate
    The European CLO market survived the financial crisis and ensuing risk retention obligations. Conditions remain tough, but we expect a 25% increase in the number of active managers

    5 years ago
  • Buy and hold isn’t only option for CLO equity
    New US CLO equity is being more regularly flipped into b-wics. Figures suggest that equity pieces of 2017 and 2018 US deals made up 22% of the b-wic market over the past four quarters

    5 years ago
  • Widening whisks market back to 2017
    Right now, CLO volumes are healthy and the list of active managers is steadily growing. But with CLO liability spreads reverting to where they were a year ago, some issuers are a little nervous.

    5 years ago
  • Updated, upgraded and ready to launch
    Whether it’s a software update or a full-blown upgrade to a newer model, CLO technology is advancing fast, with Be-Spoke and Ellington the latest to launch new types of securitisations

    5 years ago
  • Time to reprice? Then compare the market
    CLOs no longer fizzle out. Instead, they go through multiple repricings, where, with stakes lower and deadlines tighter than when they were issued, their managers can try alternative arrangers

    5 years ago
  • August: fund performance
    CLO spreads jumped wider in August, but funds that invest in these assets have been able to outperform

    5 years ago
  • September: credit funds at a glance
    White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

    5 years ago
  • Wide CLO pricing need not be a drag
    Established managers can price CLO liabilities at attractive levels, but we find that CLOs saddled with higher financing costs have nevertheless been among the market’s outstanding performers

    5 years ago
  • Weighted average life divides CLO industry
    Creditflux’s second CLO Census reveals stark differences of opinion on weighted average life and par-flush for US CLOs. But there is a clear consensus on which bank is best at CLO execution

    5 years ago
  • Star names join Barclays as it pushes into CLOs

    John Clements’ move to Barclays has been voted one of the biggest moves this year. On the buy side, Carlyle’s private credit growth and Alcentra’s US expansion have been boosted with big hires
     

    5 years ago
  • Loan managers can start to be selective

    The portfolio overlap in European CLOs — at roughly 45% — is 10% higher than in the US. But newcomers and smaller managers stand a good chance of differentiating themselves.
     

    5 years ago
  • Not a bad time to try your hand at CLOs

    In a busy second quarter, CSAM nudged ahead of Carlyle, CLO spreads moved wider for the first time in months, and a posse of established credit managers made the grade in US CLOs
     

    5 years ago
  • Mid market CLOs - the expanding middle
    The small band of middle market CLO managers employ a growing range of strategies - from direct lending-style origination, to dabbling in broadly syndicated loans - as they build out deals. Our analysis of mid market CLOs reveals that managers have distinguished themselves with the overlap between mid market US CLO portfolios being approximately 5%

    5 years ago
  • Evolving strategy takes Norinchukin close to top spot in CLO investment
    Over the years, Nochu has tweaked its cov-lite stipulations, and added mid market and European CLO exposure to its CLO investments. It’s now nearly the market’s biggest investor  

    5 years ago
  • At the heart of CLO doc negotiations
    As investors up and down the capital structure shared their views on fictional US and European CLOs, we discovered that par flushes must be worded carefully or they could be a deal-breaker
     

    5 years ago
  • There are no perfect hedges for CLOs
    As the CLO market gets hotter and hotter, investors are seeking hedges against the inevitable downturn. But although there are a wide range of options, there is no consensus on which is best
     

    5 years ago
  • Investors gather to talk teams and tactics
    With US CLO risk retention recently ruled off-side, attendees at the Creditflux Symposium were expecting a number of small, nimble managers to enter the field of play as the year progresses

    5 years ago
  • Experienced CSAM holds off boutiques to win biggest prize
    Credit Suisse Asset Management became a two-time winner of the Creditflux Manager of the Year award last month after picking up the 2018 trophy in front of a packed house at London’s Landmark Hotel on 9 May

    5 years ago

209 results found Showing page 7 of 9

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