Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

Points up front: CLO Initiative For Change
Well done CIFC Asset Management and other counterparties to a new US CLO, which donated $145,000 to Black Girls Code

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

Ucits at a glance: Altana sits atop tables as credit bounces back
Ucits funds picked up in April as 79% made positive returns

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

CIFC upsizes April CLO and accommodates double B tightening
CIFC Asset Management has upsized its CLO named CIFC Funding 2021-III by $104.2 million between pricing and closing

Key counterparties make charitable donation as part of new CIFC CLO
CIFC Asset Management’s new US CLO, CIFC Funding 2021-IV, is linked to support for racial justice initiatives, officials working on the transaction have told Creditflux

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

Bain and CIFC score sub-100bp CLO prints with one-year reinvestment deals
Bain Capital Credit and CIFC Asset Management returned to the primary market on Thursday to refinance 2017 CLOs, each scoring triple A prints tight of 100 basis points

CIFC completes third new US CLO of 2021
CIFC Asset Management priced its third new issue CLO of the year on Wednesday, teaming up with Barclays to print CIFC Funding 2021-III

The Last Tranche with CIFC's Huang: CLO valuations are often based on unreliable data
In this episode of the Last Tranche, Creditflux's Hugh Minch and CIFC's Jay Huang discuss the outlook for the CLO market

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

CLO heavy hitters push $1.5 billion refi paper into market
Another $1.5 billion CLO refi paper has hit the market after Allstate, Columbia Management, CIFC Asset Management and Credit Suisse Asset Management priced cost-cutting deals

CLO refi wave continues as CIFC and Oaktree join the fun
CIFC Asset Management and Oaktree Capital Management have become the latest managers to join the CLO refinancing craze, each teaming up with Morgan Stanley to cut the funding costs on 2019-vintage deals

CIFC multi-asset strategy launch underlines diversification beyond CLOs
CIFC Asset Management has launched a multi-strategy credit strategy, underlining its development from a CLO issuance business to a broader credit asset manager

CIFC reset cuts US CLO top tranche costs but shows double B resistance
CIFC Asset Management has increased a 2019 CLO deal size and cut its debt cost with a reset, but the double B minus tranche reflects the market's recent resistance on pricing  

CLO pipeline: busy year, so let's take time to reset
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

CIFC's 102bp triple As pull CLO average tighter
CIFC Asset Management priced its second CLO of the year on Friday with the triple A notes coming in at 102 basis points over Libor

Ucits at a glance: CIFC nears positive 12-month returns
Ucits funds have started 2021 on a quiet note as 72% of funds achieved a positive return

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

CIFC resets amortising CLO with $38.3 million upsize
CIFC Asset Management teamed up with Citi on Tuesday to reset a CLO in its amortisation period

Issuer goes from debutant to zero in one year as PM leaves and CIFC swoops for sole CLO
A US CLO manager has gone from debuting in 2019 to having no CLOs under management as CIFC takes over its one deal

CIFC makes senior hire to business development team
CIFC Asset Management is scaling up its business development team after hiring a managing director in its investor solutions group

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit.