Fund performance: CLO funds keep up the momentum for second month running
May returns have been led by continued momentum from CLO funds. In the last month, funds that invest in CLO notes in some capacity have made up 90% of our top 10, while 97% of funds listed generated positive returns - an improvement of 15% on last month's figures.

Ucits at a glance: Ucits recover lost ground
The foot has come off the gas for many funds - 57% of funds did not break the 2% return barrier.

Fair Oaks tops up on double B CLO tranches in May
Fair Oaks topped up on double B-rated CLO tranches in its listed CLO fund in May, adding $79 million par value of BB-rated paper

Job opportunity with Fair Oaks: CLO analyst
Fair Oaks Capital has released details of the following vacancy: CLO analyst - London

CLO fund manager hires ex BNP Paribas European CLO chief Danias
Christos Danias, the former head of BNP Paribas' European CLO group, has joined a large CLO fund manager in London

Euro CLO league tables: fresh faces emerge with new deals
May was a month of fresh faces as three new managers entered the ring for the first time in 2020

Fair Oaks spends on junior European CLO debt after raising funds
Fair Oaks Capital has invested $92 million in junior CLO debt tranches since the start of April after putting to work fresh commitments to CLO investment fund Fair Oaks Limited

Junior spreads finally tighten as Fair Oaks prices Europe's fifth pandemic-era CLO
Fair Oaks Capital today became the fifth CLO manager to price a new issue amid the coronavirus pandemic

CLO pipeline: Apollo targets fourth deal as managers line up to break 2020 ducks
Six CLO managers, five in the US and Fair Oaks Capital in Europe, are showcasing their first new issues of the year in preparation for pricing later this month. And Apollo Global Management is marketing its fourth new issue CLO (third US new issue CLO) in the last month and a half

Delayed issue double Bs reach Europe's CLO market as Fair Oaks markets new issue
Fair Oaks Capital is marketing a new issue European CLO via JP Morgan and has opted for just over a one-year reinvestment period

Credit pickers need luck to avoid OC trap

Fair Oaks issues shares to buy more CLO debt after 50% equity tranche hit
Fair Oaks Capital has issued new shares on its CLO fund at a premium to its net asset value to capitalise on CLO debt, which it says “offers attractive risk-adjusted returns over the medium term”

Fair Oaks suspends dividends from listed CLO fund citing covid-19 uncertainty
Fair Oaks Capital has suspended dividends on its listed CLO fund “in light of the ongoing uncertainty in economies and markets caused by covid-19 pandemic”, according to an update to investors in the $315 million fund

Ucits at a glance: Ucits start year on high note
A round-up of ucits fund performance

Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers

Beyond blacklists: the next step in ESG
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.

Rate cuts force US and Europe price re-adjustment
Central banks’ latest round of interest rate cuts sent relative value between US and European CLOs to head into a whirlwind in recent weeks, sources say

Fair Oaks launches new fund targeting senior CLO paper
Fair Oaks Capital has launched a Ucits fund targeting triple and double A CLOs, according to market sources

US credit managers make ESG breakthrough after taking a first step via UNPRI
Incorporating a framework for investing in companies based on environmental, social and governance (ESG) factors is a challenge that US credit managers are accepting in growing numbers

Market rallies as key CLO investor retreats

Euro CLO league tables: three debutants, but familiar faces stay top
June brought €3.4 billion of European CLO issuance between seven new issues and two refinancings. Of the seven new issue European CLOs priced last month, three were from debut managers to the continent 

CLOs at a glance

Ucits at a glance

Investors undervalue CLOs by ignoring Euribor floor, Fair Oaks says
Some investors are undervaluing European CLOs by ignoring the value of the Euribor floor, according to a note published by Fair Oaks Capital

Fair Oaks prices €332 million debut CLO via Deutsche Bank
Fair Oaks Capital became a first-time CLO manager today, issuing its debut deal named Fair Oaks Loan Funding I