Oaktree prices new CLO with Europe's longest reinvestment period
European CLO reinvestment periods edged longer yesterday as Oaktree Capital Management priced its first new issue CLO of the year

GoldenTree aims for second euro CLO transaction of 2018
GoldenTree Asset Management has mandated Citi to reset its European CLO named Laurelin 2016-1

CLO b-wic line up: European equity makes up 85% of today's market share
European CLO equity has found a sudden burst of liquidity, albeit in bite-size pieces

MJX ventures into Europe with risk retention-compliant US CLO
MJX Asset Management priced a new issue US CLO on Friday that is compliant with European risk retention rules

CLO b-wic lineup shows it’s never too late to trade 1.0 equity
Old legacy deals make a comeback today as €37 million and $12 million of 1.0 equity is up for grabs in two European deals - Eurocredit CDO VI and Oak Hill European II - and one US deal, Gale Force 3 CLO.

CLO b-wic line-up: control equity in Investcorp euro deal goes under the hammer again
An investor is looking to sell a control equity position in Investcorp Credit Management’s 2015 European deal, Harvest XI

CLO b-wic line-up: equity in 2.0 CLO with the lowest funding costs hits the market
It is set to be an eventful day for the secondary market as $264 million of US CLO b-wics and €35.9 million of European CLO b-wics are taking place

Former ICG CLO portfolio manager takes on CIO role at MeDirect
The former co-head of European leveraged loans at Intermediate Capital Group, Michael Curtis, has resurfaced at MeDirect (formerly known as Mediterranean Bank)

Highland launches CLO Ucits fund
Dallas-headquartered Highland Capital Management has launched a new Dublin-domiciled Ucits fund, which will focus on CLO debt

European CLO round-up: wider it goes, but there's more to it than meets the eye
There’s no escaping it; European CLO spreads are drifting wider, but there may be more to it than meets the eye

Credit trader leaves BlueMountain ahead of move to rival hedge fund manager
A London-based credit trader has left BlueMountain after five years amid rumours that he is joining a rival fund manager

European CLO manager diversification is increasing, conference hears
European CLO managers have begun to pursue an active management strategy, says IMN panel

Och-Ziff prices new European CLO to make it 24 active managers in 2018
Market sources say that Och-Ziff Capital Management has priced its first European CLO of 2018 in a €412.8 million transaction led by Citi

Leveraged finance veteran leaves Mizuho in London after 22 years
The head of international acquisition finance at Mizuho, Paul Carman, has left the bank to bring to an end a 22-year affiliation with Mizuho

Euro league tables: CSAM brings €1 billion of issuance to the CLO market
There was €3.2 billion of CLO issuance in May with CSAM contributing almost a third of that

Portfolio manager central to European CLO expansion to leave Neuberger
One of the key figures behind the launch of Neuberger Berman’s European CLO business is set to leave the firm

At the heart of CLO doc negotiations
As investors up and down the capital structure shared their views on fictional US and European CLOs, we discovered that par flushes must be worded carefully or they could be a deal-breaker
 

Spire moves into CLO investing with new credit fund
European corporate credit specialist Spire Partners has raised roughly €100 million for a multi-strategy fund that will have the ability to invest in CLOs

US manager plans debut 2.0 European CLO, six years after selling 1.0 deals
A large US CLO manager is warehousing its first 2.0 CLO in Europe

CLO spreads disperse as Japanese investors reallocate to triple As at fiscal year end
The past two months saw backup on CLO liability pricing on both sides of the Atlantic for the first time in years, this coming at the time of year when Japanese banks plan their CLO allocations

Term structure is being developed for floating rate benchmark SOFR, says LSTA
The Secured Overnight Financing Rate, known as SOFR, is being developed into a term structure

There are no perfect hedges for CLOs
As the CLO market gets hotter and hotter, investors are seeking hedges against the inevitable downturn. But although there are a wide range of options, there is no consensus on which is best
 

CLO resets should be used to renegotiate, conference hears
A short-dated reset looks very much like a refinancing, but it also gives managers and investors the all-important opportunity to renogotiate terms

They said it: “Occam’s razor, the marshmallow test and the Pareto principle – what do they have in common?”
The simplest solution is often the best solution, delayed gratification and the 80/20 rule; these can all be used in the assessment of CLO manager performance