First Data takeover foreshadows inflows for CLOs that hold the debt
CLO managers that hold portions of First Data Corporation’s $11.5 billion syndicated term debt could find themselves with lots of cash to redeploy later this year if Fiserv completes its acquisition of the financial services company

Xtract: CLOs may be further squeezed by one-week Libor Election
There are 30 loans which could, at the drop of a hat, switch to one-week Libor benchmarks, according to a report by Xtract Research

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

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

Shrinking spread cushions prove hard for CLOs
 Falling loan spreads are placing ever tighter constraints on CLO managers’ choice of investments just as the loan supply itself is declining

Natixis looks to strengthen euro CLO platform as head of origination departs
The head of European CLOs and loan fund financing at Natixis is stepping away from the industry. But this has not deterred Natixis, which is implementing plans for growth in CLOs

Fees on the line as CLO investors fight back over ramp-up failings
CLO managers globally are being chastised for failing to deliver on their model portfolios.

CLOs dodged recent loan defaults, according to Wells Fargo
CLO exposure to three recent US loan defaults has been minimal, according to Wells Fargo research

Oaktree appoints co-heads of European credit as CLO official moves on
Oaktree Capital Management has promoted two long-serving employees in London who will now jointly lead its European credit team. This comes as the firm's head of European CLOs prepares to leave in order to pursue an opportunity on the US west coast

Onex brings in analyst from bank's European CLO management team
Onex has added another analyst to its team. The official joins from NIBC - one of the few banks to also dabble in CLO management

Drama in Dallas: Highland heads to the courts to sue its former CLO PM
Drama in Dallas as Highland Capital Management and former CLO portfolio manager Josh Terry wage war against each other

Ex-Deutsche CLO chief joins hedge fund manager in New York
An experienced structured official - who had served at Deutsche Bank for 12 years - has left GreensLedge to join former colleagues on the buy side

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  

Experienced CLO trader to end 15-year stay at bank in New York
Market sources say that a key CLO trader is leaving a bank, which has reduced the amount of capital it is dedicating to the secondary CLO market 

BlackRock markets first ever European CLO after recent hires
BlackRock, the world's largest asset manager, is gearing up to launch its first ever European CLO, according to market sources

Katke guilty plea to stand despite successful appeal in related case
Former RBS CLO trader Matt Katke, who pleaded guilty to securities fraud charges in March, will likely be unable to withdraw his plea following a successful appeal in a related case

Former US CLO trading head launches fund
Asset manager raises $100 million for new CLO equity fund