Strengthen CDS definitions to stop engineered defaults, say lawyers
The likelihood of stamping out manipulation in the credit default swaps market – namely the practice of staging credit events – is remote, say market sources

Euro league tables: Volumes reach €7 billion as GSO and Citi lead 2018 rankings
2018 is off to a colossal start, with one New York-based global giant boosting February’s volumes  

Global CLO giant prices its first European deal of the year
A global asset manager has priced its first new issue European CLO of the year via Barclays in a €413 million transaction

Blackstone's GSO launches second credit alpha fund
GSO Capital Partners has launched its second Credit Alpha Fund, US SEC filings indicate

Marble Point lists CLO equity fund on London Stock Exchange
Marble Point Capital Managment has completed an IPO for its new listed fund named Marble Point Loan Financing

European CLO refi spreads break 60bp barrier as GSO prices deal
GSO Capital Partners has priced its first CLO transaction of 2018, refinancing a 2015 deal

Euro league tables: Citi tops rankings in a year of growth for the CLO market
50 new issue CLOs, 39 active managers and four debutants: Creditflux analyses the revival of the European CLO market last year

European CLO spreads contract as GSO prices Willow Park deal
Triple As hit 84bp, which is the tightest level since June, as GSO prices its 10th transaction in the European CLO market this year

GSO markets its third European CLO of 2017
GSO Capital Partners is readying its third European CLO of the year, according to market sources

Euro league tables: PGIM retains CLO lead as Citi tops arranger ranking
Our ranking of CLO issuance this year shows that PGIM is the most active CLO manager with three new issues in 2017, while Barclays leads the way in CLO underwriting

GSO's 2017 euro CLO issuance jumps over €3 billion following refi
GSO priced its ninth transaction in the European CLO market this year, according to market sources

Alcentra European CLO refi sees triple As price at 84bp
Alcentra has priced its seventh transaction in the European CLO market this year in a deal arranged by Barclays

2017 PGIM deal tops ranking of best-performing European CLOs
A PGIM-managed 2017 deal, Dryden 48 Euro CLO, made its first equity distribution in August, with the €6 million payment pushing the deal to the top of our CLO performance rankings for the month

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

Manager maintains 100% refi record as it updates 2015 euro CLO
A large CLO manager continues to favour refis over resets after completing a €330 million deal yesterday

GSO Capital looks to price its fifth euro refi of 2017
GSO Capital aims to refinance €243 million of a 2015 European CLO

European CLO spreads hit new tights as GSO prices
GSO Capital Partners has achieved the tightest triple-A European CLO print since the financial crisis after pricing Clontarf Park CLO

It pays to eat your own cooking
CLO managers affiliated with PE firms buy extra debt from companies owned by those firms – and it seems to give them an advantage

GSO aims to refi 2014 European CLO and maintain its vertical strip
GSO has mandated a bank with refinancing a 2014 European CLO in which it took down 5% of each tranche of the deal.

Senior distressed specialist leaves GSO after fund closure
Shortly after shutting down its distressed debt fund, GSO Capital Partners is understood to have parted company with a senior managing director and key figure in its distressed business

Past returns: early risk retainers
Five years ago in Creditflux we reported on JP Morgan shutting down its special situations prop trading desk in London

GSO Capital pools retention vehicles as it debuts MOA
GSO Capital has launched its first globally risk retention compliant CLO, it has emerged

GSO's head of European CLOs set to leave the firm
A well-known figure in the European CLO market is stepping down from his role at the largest CLO management firm in the industry

Standout 1.0 European CLO continues to pay out big to equity
A legacy European CLO managed by GSO Capital Partners has continued its outstanding performance with another 30%-plus annualised payment to equity, according to CLO-i