Two banks dominate as $102 million trades in CLO secondary market
Two dealers emerged as the dominant players on another busy day in the secondary CLO market yesterday

Goldman prices its first CLO of 2016 in $300 million risk retention deal
Goldman Sachs has arranged its first US CLO of the year, according to market sources

London-based hedge fund manager digs into energy credits
A hedge fund manager based in London has made strong gains in Genel Energy

CLO primary spreads show signs of tightening as LCM prices
Primary CLO debt showed some signs of tightening last week as LCM Asset Management priced a risk retention-compliant deal

Apollo to launch ambitious self-sustaining CMV for risk retention
Media reports have suggested that Apollo Global Management is launching a "new firm" to manage CLOs. Creditflux understands that the manager is in fact raising an unusual capitalised manager vehicle for risk retention.

European crossover index to trade 26bp tighter after the roll, says BAML
Protection sellers will be under the most pressure to roll into the new iTraxx credit indices, according to research by Bank of America Merrill Lynch

Energy investor wins pension fund support for $600 million credit strategy
A large investor in the energy markets is ramping up a new credit fund which looks likely to hit $600 million next month

Oak Hill hires bank's former CLO trading head in New York
Sources have told Creditflux that Oak Hill Advisors has pulled off a major coup by hiring a well-known CLO trader to its New York offices  

Octagon prepares its first new US CLO since acquisition by Conning
Octagon Credit Investors is marketing its first CLO since being purchased by insurance asset manager Conning, according to market sources

Pamli makes strong start to 2016
2016 has brought good news so far for hedge fund manager Pamli Capital Management, with the firm beating off its rivals to post a table-topping January return of 2.21%

JP Morgan leads as banks seek index traders
Dealers put resources into index market making

Medical device makers: Rising leverage may threaten health
Medical device companies have piled on debt while making large acquisitions – and they aren't bringing it back down

Rethinking credit value
CLO seniors, cash-CDS basis and tranche shorts were some of bank researchers' top picks last month, as volatility sends analysts back to the drawing board

Verso default triggers CLO 2.0 market's first OC breach
A 2013 CLO US CLO has become the first post-crisis deal to trip an overcollateralisation test, according to CLO-i

Silvermine's junior CLO notes suffer downgrade to triple-C
Silvermine Capital Management has had several outstanding CLO tranches downgraded by Moody's, following a wave of energy-related loan downgrades. However, the deals have made strong recent equity distributions

KKR plans for more CLO risk retention in 2016
US risk retention rules are not due to go live until December, however KKR is set to continue its policy of creating compliant CLOs

Fearless investors have been selling protection on financials, data shows
Investors sold more protection than they bought on iTraxx Europe Subordinated Financials index in the week ending 12 February, according to DTCC data

Moody's puts marketplace lending ABS on watch after just seven weeks
Tranches in three marketplace lending ABS transactions originated late last year have been put on review for downgrade by Moody's, after a sharp uptick in delinquencies and expected loss rates

HIG continues credit expansion with senior hire in New York
HIG WhiteHorse has hired a former GE middle market specialist as head of its direct lending group, as it continues to expand its credit business