Fair Oaks returns to European CLO primary with tight new issue
The European manager priced its first deal in over 12 months with relatively tight pricing throughout the stack

Don’t fall foul of bad language
A few years ago, maturity amendments were a major focus. But waning attention to European CLO documents is leaving some investors exposed to extension risk

Fair Oaks adds US dollar-hedged share class to Euro CLO ETF
Trading began on Monday, with a denomination size of USD 10

European CLO market sees burst of ETF launches to start new year
CLO ETFs are gaining traction in Europe, with growing institutional and retail investor demand 

Fair Oaks wins approval to launch industry’s first European CLO ETF
Fair Oaks Capital has received approval from Luxembourg-based regulator CSSF to launch the industry’s first European CLO ETF 

Fair Oaks makes punchy return to European CLO primary
Fair Oaks Capital returned to the primary market for the first time in two years, getting tight pricing on its Fair Oaks Loan Funding V

Past returns: Tracing Fair Oaks’ roots
10 years ago in Creditflux, we reported on Miguel Ramos Fuentenebro’s nascent firm GMB Partners securing its first mandate

CLO funds make best of a bad situation
It can’t get any worse can it? Well, it did in 2022, when credit spreads kept moving wider. Still, CLO funds were able to withstand the pressure, and they outperformed other credit strategies

The rise and rise of CLO ETFs
A couple of years ago, the prospect of billions of dollars being invested in CLOs through exchange-traded funds would have seemed far-fetched. But a crop of CLO ETFs have popped up, demonstrating that liquidity is no longer an issue

Loan managers must act to prevent CSA leakage, say CLO investors
CLO investors have made clear that managers need to stay on top of US loan amendments that are switching benchmark from Libor to Sofr

European CLOs emerge as gilt-y pleasure for US investors amid record b-wic volume
European CLO b-wics have flooded the market this week with sources indicating elevated supply on Wednesday and Thursday resulted in some of the busiest days on record. Officials at Bank of America say their weekly trading volume approached €1 billion  

Ucits at a glance: Ucits see red in a tough June for returns
June marked an exceptionally tough month for Ucits funds, as none of those listed in the Creditflux database made it into the black

Fund performance: Select funds shine in dreary June for credit hedge funds
Credit funds suffered through June, as only 8% of listed funds reached the black. This made June the fourth month in a row in which negative returns increased

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

CSAM does the CLO awards double
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

Fair Oaks adds to credit, CLO and marketing team in London
Fair Oaks Capital has hired three people to its investment team and two to its marketing team

Fund performance: Credit bounces back from February blues
March performance figures were a slight improvement from the market turn in February; 47% of funds made positive returns, an increase on 17% the previous month

Ucits at a glance: Robus stands tall among Ucits funds
27% of Ucits funds had positive returns in March, a slight improvement from 10% in February

Ucits at a glance: Long-short funds provide resistance in tough month
In February, Ucits funds followed market sentiment as 90% made negative returns

HY fund is exception to rule of CLOs
CLO funds have had back-to-back years of outperformance versus credit, proving the asset class is a great place to invest, rain or shine. But a Wasserstein HY fund was the star performer in 2021  

Ucits at a glance: 2022 opens shakily but with a familiar lead
Ucits funds moved slowly into 2022 as 59% made negative returns in January

Fund performance: Groundhog Day as 2021 leaders start strong
CLO funds once again claim the most top performing spots as seven out of 10 funds belong to the category

CLOs outperform yet again despite tough month for credit
CLOs can do no wrong it seems, and funds that invest in them topped Creditflux’s credit hedge fund rankings once again in January

Fund performance: Wasserstein's early 2021 performance drives it to the top
The final top 10 of 2021 featured a variety of funds as five different strategies were ranked among the best. US high yield was the most highly represented with two BlackRock funds and an Angel Oak in the top 10