Loan slump brings managers closer
A 19% slide in new US loan volumes last year has left CLO managers with fewer options in the primary market, and portfolio overlap between US managers has increased to 35.3% on average

Counterparty risk and funding: putting things together
Stéphane Crépey proposes an integrated mathematical approach to the related pricing, hedging/collateralisation and funding issues of CVA

The age of restructuring
Bespoke volumes continue to fall, with much new CSO activity said to be driven by restructuring of existing trades. But the index tranche business remains in rude health

Managed synthetics grow up
Managed synthetics grow up