DBRS Morningstar appoints Moody's CLO veteran and ex-Credit Suisse official to board
A former Moody’s CLO and structured credit specialist and ex-Credit Suisse ABS supremo have taken up roles as independent, non-executive board members at DBRS Morningstar

CLO extremes will do well in '22 but mezz needs caution: BNP Paribas
The extreme parts of CLOs' capital structures will offer best value in 2022, but investors should be cautious on mezzanine tranches and consider hedges, say BNP Paribas strategists

AlbaCore raises CLO head to partner in raft of promotions
AlbaCore Capital Group has promoted its top CLO specialist to partner and portfolio manager

CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion

CLO issuance set for big slump as managers relax on Sofr: JP Morgan
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists

Sofr transition timing puts CLO debt and equity at odds, says BNP Paribas
CLO investors look to have tough conversations ahead on the structure implications of the transition from Libor to Sofr, with BNP Paribas strategists noting CLO debt will benefit from an early move while equity tranches would do better to wait

Signal detects European CLO options for upcoming fund
Signal Capital has plans to capitalise on the European CLO and ABS market, with sources indicating the special situations fund manager is seeking to launch a relative value hedge fund focused on these asset classes in September.

BlueBay hires to structured credit team in London
BlueBay Asset Management has added to its structured credit and CLO management team by making its second hire from CIP Asset Management official in recent months

Ex-NatWest Markets CLO structuring head lands on buy side
A European credit manager has hired Luca Giancola for the "repositioning of its private structured credit business"

No labels mean CLO triple As refuse to budge as mezz rallies
Senior European CLO spreads are stuck in the mid 80s as mezzanine tranches rally, with market participants bemoaning the lack of depth in the triple A investor base relative to ABS products

BlueBay confirms hire in structured credit and CLO management team
The new appointment will focus on investing in US and European structured credit securities across the capital structure

Creditflux announces new date for Manager Awards
Creditflux can announce we will hold our annual Manager Awards ceremony on 8 September. This is later than usual in the year, but should allow the event to take place in person and following the Credit Symposium, as it has historically 

Buy CLO equity to capitalise on reflation, says JP Morgan
CLO equity stands out in a tightly priced market as offering up to double digit yields, say JP Morgan structured credit strategists, who posit it as their top trade

Munich Re makes senior structured credit hire
Munich Re has hired one of the co-heads of structured products solutions at Mizuho to join its team in London

Spanish boutique goes for growth with CLO equity fund
Arcano Asset Management has plans to develop its product suite in 2021, including launching a dedicated CLO equity vehicle, its second opportunistic credit fund and second revolving credit fund, according to the firm

Managers brave covid-hit sectors to drum up returns
Price dislocations among companies operating in industries affected by covid-19 mean they may offer some of the best opportunities for CLO managers and CSO investors — and sources say that neglecting these sectors could hurt performance

Insurance firm seeks CLO debt and ABS exposure
Investment consultant Callan is requesting proposals on behalf of an undisclosed insurance company for a CLO manager and ABS manager

European CLO and ABS trader rejoins P&G in Milan
An experienced European CLO trader has switched to the buy side with market sources indicating he has returned to P&G

CLO managers offer views on ESG for upcoming PRI report
Principles for Responsible Investment (PRI) is set to unveil a report detailing results from its ESG structured credit survey in the next few months, and the institution anticipates that this will be a launch pad for further investigation about ESG integration into the asset class

Newcomer wins Creditflux Manager of the Year award in virtual event
Last night Creditflux presented its first ever virtual hosting of our annual Manager Awards, with over 450 people tuning in live to see the winners announced

Creditflux announces finalists for Manager of the Year award
Ahead of the virtual awards ceremony on 15 July Creditflux is thrilled to announce the four finalists for the prestigious Manager of the Year category.

RBS makes cuts to ABS and CLO team as part of broader restructuring
Royal Bank of Scotland has made cuts to its ABS and CLO team as part of a broader restructuring plan, a spokesperson for the firm has confirmed