Citi promotes European CLO head and co-head of credit correlation trading
Citi – a market leader in CLO origination and bespokes – has promoted officials responsible for these businesses.

CLO manager looks to raise up to $2 billion to invest in CLOs globally
A US CLO manager is planning to invest in CLO tranches for the first time. It is understood that the firm is putting together a structured credit fund that will also have the ability to invest in index tranches

Nearwater aims to put $500 million to work in global risk retention financing
Start-up company Nearwater Capital has closed on a $500 million capital commitment which will fast-track its move into risk retention financing, sources say. The firm has already deployed capital into CLO risk retention

Deutsche Bank plans new securitisation of UK consumer loans
Deutsche Bank is working with P2P Global Investments to price a securitisation backed by UK unsecured consumer loans

Cairn appoints Burke and Godall as co-chief investment officers
Cairn Capital has appointed Andrew Burke and Asif Godall as co-chief investment officers

Experienced CLO trader joins Orchard in London
Structured credit specialist adds a portfolio manager, who previously served at Deutsche Bank and Brevan Howard, to its team in London

Latham & Watkins hires structured finance veteran to its London office
Structured finance veteran Simeon Rudin joins from Freshfields Bruckhaus Deringer, according to a press release

Debtwire euro ABS round-up: two UK deals enter the pipeline
Just one transaction priced in Europe’s ABS market last week, but another two have entered the pipeline

Regulators delay implementation of STS rules
Regulators in Europe have opted to take a slow and steady approach to implementing new simple, transparent and standardised (STS) and revamped risk retention rules.

Market participants strike bullish tone on STS regulation
IMN’s Global ABS Conference in Barcelona came to a close yesterday and one of the main talking points for the ABS market was the successful resolution to disputes between the market and the European parliament over STS (simple, transparent and standardised) legislation

Diverse Prytania fund posts promising 2017 gains
Prytania Investment Advisors has got off to a strong start in 2017 with the manager’s Athena Fund gaining 8.4% through February

Cairn's Jackson set to join large asset manager in London
Andrew Jackson has left his post as chief investment officer at Cairn Capital and well-placed sources have told Creditflux that he is due to join a fund manager in London

German bad bank wins huge CLO auction
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning

Timing of CLO b-wic puzzles market participants
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS