We are not structured finance investors – we are corporate credit specialists
Fair Oaks' Miguel Ramos-Fuentenebro takes our credit quiz

Future returns: we've (not) got a case of the blues
Regular readers may notice a slight change to this, the 201st issue of Creditflux...

Points up front: a few weeks' worth of dual compliance
Dual compliance is so 2017. And yet European CLO managers are pursuing US risk retention compliance. Perhaps memories of 2013 are resurfacing

Join the debate: most memorable moment in credit
At Creditflux we’ve now produced 200 monthly magazines since Fishknife first came up with the idea of tracking the global credit markets in 2001). We asked several key credit industry officials about their most memorable moment in credit

Staying afloat in credit takes care and character
In his final article, our columnist sheds light on his identity and has some 'nice' advice for those navigating credit’s changeable oceans

Past returns: Europe's own risk retention rewrite
Five years ago we reported that European CLO managers were hunting for partners to retain risk retention on their behalf. Shortly after, regulators performed a U-turn (nothing new here) and decided to prohibit third parties from acting as risk retainers

Join the debate: flippin' heck, you're distorting the CLO market
After our report on a CLO investor flipping 2018 bonds before the deals had even closed, one reader pointed out that this "masks true demand"

Points up front: the best way to source direct lending loans is to sit and wait
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra.

Past returns: pension scheme gets stung after regulators rewrite CLO rules
Five years ago, we reported that US pension funds were boosting their allocation to euro-denominated credit. One institution in particular led the way by supporting the first European CLO to be issued since the global financial crisis

European direct lending may not be as European as it seems
In European direct lending, raising capital has become the easy part of a manager’s job. But deploying that capital is more difficult, says Diala Minott, a London-based partner at law firm Paul Hastings

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

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Past returns
We look back to when CLO investors were morphing into CLO managers and when BlueCrest went on a hiring spree for its credit business

How credit fraud could make a comeback
Easy credit leads inevitably to fraud, whether in consumer credit or corporate lending

They said it
When you’re early by six or more years it’s not clear you can ever be described as having been right”

Why CLOs will not cause the next financial crisis
It is hard to imagine a world in which CLO triple As suffer losses, but we should not be complacent

Past returns: drawing crowds is not easy for bond trading platforms
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Join the debate: CLO ramp-up failings
“There is one manager out there that has got away with this behaviour for several years. The ‘fight back’ from investors is overdue”

Points up front: the biggest leaving do of the year
Key players from across the CLO industry gathered to bid farewell to Alcentra’s Hiram Hamilton, who is swapping London for New York. 

We only defeat a monster by building a new one
Whatever happened to Lombard Risk? New competition for Bloomberg messaging is a sign of history repeating

Past returns: Spanish financials trade comes good
Five years ago, hedge funds piled into Spanish bank debt on the belief that a bail-out of Spain would leave senior bank debt investors unscathed. 

What you really need to know about covenants
Loan covenants are evolving and it’s vital you know your ‘loose’ from your ‘lite’, so check out this guide

They said it: Two analysts won’t do
“You’ll get smoked”

Points up front: dying question
The delicate reason, why it may not be possible to call a CLO..