Refine Search
Article Categories
Strategy Tags
- Direct lending (41)
- Emerging markets (3)
- High yield bonds (25)
- Investment grade credit (11)
- Structured credit (19)
- CLO (89)
- Distressed debt (6)
- Leveraged loans (48)
- Marketplace lending (1)
- Synthetic/SRT (27)
- ABL Financing (1)
Geography Tags
-
Sofr, so complicated
2 years ago
At Creditflux’s US CLO Summit debate centred on Libor and Sofr. Hot topics included tenors, Libor floors being out-of-the money and investors changing their views on spread adjustments -
Points up front: Same building, different rules at Credit Suisse
2 years ago
If market participants needed confirmation that the banking and asset management arms of Credit Suisse operate independently, then the opening panel at Creditflux’s US CLO Summit last month seemed to provide it. -
Flexible approach is designed to deliver competitive performance
Nuveen’s Symphony CLOs benefit from teams who are active across a range of credit and bond funds -
"The loan market is the septic tank for sub-single B LBO financing"
2 years ago
Portfolios of single name IG CDS are less complex and more liquid than CLOs -
"Strong growth is not necessary for good loan or bond performance, but it keeps a recession at bay"
2 years ago
The picture in credit was looking good (even with inflation rising) until Russia invaded Ukraine -
"The reset market is open, but it doesn’t always make sense to extend the life of a CLO"
2 years ago
Strong secondary loan prices are making CLO liquidations a compelling option -
"This is the CLO market’s time to shine and prove it deserves to be a mainstream asset class"
2 years ago
The CLO market shouldn’t fear inflation — in fact, 2022 could be a very good year indeed -
"Some observers believe Europe’s opportunity in private debt lies at the lower end of the middle market"
2 years ago
European private debt has lagged its counterpart in the US. But a growth spurt may not be far off -
Points up front: Diverse? More like reverse
2 years ago
Diverse leadership structures at asset management firms are known to attract institutional investors. But we hear that one CLO manager has taken advantage of this by presenting itself as a diverse organisation -
"No-one talks about the part oil price surges played in the 2008/9 global financial crisis"
2 years ago
Investors eyeing inflation shocks and supply chain disruption should instead be paying attention to the brewing energy crisis -
Points up front: Definitely not an ex-parrot
2 years ago
One of the biggest credit fund launches last month was Arini, led by star credit trader Hamza Lemssouguer -
"CLO equity investors have long accepted basis risk… but an off-market adjustment does not work"
The 26bp adjustment is disrupting the transition away from Libor — but market forces will prevail -
The Creditflux CLO Symposium was back as an in-person event for the first time in two years and participants were delighted to socialise and bask in an amazing year for the credit industry2 years ago
-
"Purchasing IG CLO debt was a key driver of success for 1.0 CLOs"
2 years ago
Longer reinvestment periods, the ability to buy IG tranches and improved loan settlements would improve CLOs -
"I’m passionate about broader representation within investment teams"
2 years ago
CIP's Leila Donnachy takes our credit quiz -
“For Creditflux this will be an extra special occasion - the publication is marking its 20th year in business”
2 years ago
A colourful train journey featuring Alice in Wonderland, Yoda and Top Trumps puts Welshcake in mind of the CLO Symposium -
Points up front: Tasty vaccine giveaway
2 years ago
Asset manager Vanguard is welcoming employees back to the office by offering a $1,000 bonus to staff who are fully vaccinated by October -
"It’s not unusual for investors to toggle between the US and Europe depending on pricing and terms"
2 years ago
The accents may be different, but US and European direct lending markets have a lot in common -
Past returns: Doing DIY CLOs
2 years ago
Five years ago we reported that CLO managers were considering self-arranged CLOs -
"I’ve been doing ESG for 27 years; I just didn’t know it"
2 years ago
Apollo's Joe Mornoey takes our credit quiz -
"It may be worth adding hedges of six-plus months’ duration when spreads trade this tight"
2 years ago
Options and tranches offer cost-effective hedges amid tight credit spreads -
"Pain is on the way: spreads are too tight, while compression and carry are done. But what if it's not?"
2 years ago
Welshcake reminds us that mid-cycle portfolio management is a funny old game -
"Having multiple sources of data for investors is particularly helpful in opaque markets like private debt"
2 years ago
Our columnist looks at the new Lincoln International Senior Debt Index and finds total returns of 154.3 since 2014 -
Points up front: CLO Initiative For Change
2 years ago
Well done CIFC Asset Management and other counterparties to a new US CLO, which donated $145,000 to Black Girls Code -
"Don’t buy loans for the floating rate component alone"
2 years ago
Loomis Sayles' Matt Eagan takes our credit quiz
Want all the latest news, comment, analysis and data?