European loan portfolio manager parts ways with CQS
A European leveraged loan portfolio manager at London-based CQS  has left the firm, Creditflux has learned

Cairn prices €362 million CLO refi with triple A spreads hitting 79bp
Cairn Capital priced its second CLO transaction of the year this morning

Global CLO manager prices ninth transaction of 2018 as spreads widen
A global CLO manager teamed up with Citi yesterday to issue its sixth new European CLO

Price talk circulates for PGIM's forthcoming GBP CLO
PGIM is marketing its forthcoming sterling-denominated CLO, with price talk for the triple A notes around 125 basis points over GBP Libor

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Cairn markets European CLO refi as spreads look set to widen by 6bp
The Euro CLO refi market is picking up steam, with Cairn Capital looking to become the fourth manager to refinance a transaction in as many weeks

Barings markets its fourth new CLO of 2018
Barings has mandated Morgan Stanley with arranging a new European CLO

Warehouse rating announcement suggests busy new issue pipeline for Alcentra
Alcentra has opened a warehouse facility with plans to launch a new CLO named Jubilee CLO 2018-XXII

Carlyle issues new Euro CLO with tightest triple As for over one month
Carlyle Group issued its second new European CLO of 2018 yesterday, with the tightest triple A print in over one month

ICG reissues three European CLOs still bound by call locks in risk retention move
Intermediate Capital Group has shifted its CLO risk retention strategy to an originator structure by reissuing three of its deals

European CLO PM rumoured to be joining CIFC from large asset manager
CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring the head of European performing credit at a large global credit firm

Evolving strategy takes Norinchukin close to top spot in CLO investment
Over the years, Nochu has tweaked its cov-lite stipulations, and added mid market and European CLO exposure to its CLO investments. It’s now nearly the market’s biggest investor  

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

Growth in UK loan issuance sparks sterling CLO revival
Strong sterling denominated leveraged loan issuance relative to euro issuance in western Europe has inspired securitisers to launch CLOs in the British currency

European-compliant CLOs try to sidestep US risk retention rules
CLOs complying with European risk retention have had to tweak their legal language to avoid coming under US rules, in what has become known as a ‘conditional sales’ approach

Points up front: BlueGreen OneTreeHill United - the CLO team
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers

Euro CLO league tables: 2018 volumes hit €22.6 billion after flurry of deals in June
The first two quarters of this year have delivered €22.6 billion worth of CLO issuance in Europe, almost matching the €22.7 billion that was issued in the first half 2017

Dutch bank makes its return to CLOs with first new issue in five years
A Dutch bank has returned to the primary CLO market, pricing its second 2.0 deal

Points up front: BlueGreen OneTreeHill United, the CLO team
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers.

GSO prices €549.75 million short WAL reset of 2013 European CLO
GSO priced Europe’s second largest CLO transaction of 2018 yesterday, according to market sources

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Tikehau poaches Commerzbank leveraged loan trader
Tikehau Capital has appointed a secondary loan trader in its London-based CLO and leveraged loan fund team

PGIM refinances 2016 deal which pays its liabilities over six-month Euribor
PGIM has refinanced a 2016 vintage CLO which pays its debt liabilities over six-month Euribor

BlackRock poaches CLO tranche portfolio manager from London-based firm
BlackRock has hired a CLO investment specialist in London

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund