CBOs aren’t fixated on interest rate moves
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds

Few CLOs charred by Murray bankruptcy
25 CLO managers hold  $389.6 million exposure to the debt of coal company Murray Energy Holdings, which filed for Chapter 11 bankruptcy in the Southern District of Ohio on Tuesday, according to the latest trustee reports from CLO-i   

CLOs' risk to Japanese banks 'subdued' despite ratings and mark-to-market risk, says Bank of Japan
The risk to Japanese banks posed by their investments in CLOs is ‘subdued’, according to the Bank of Japan Financial System Report

NEPC sees bias toward private markets despite lower return expectations
NEPC sees private markets in 2020 as a way for institutional investors to withstand volatility, said its director of asset allocation, Phillip Nelson, during a Q3 update yesterday

US CLO's anchor equity on sale for first time
The 23^rd anchor equity position in a US CLO has been listed on the secondary market today, with $36.875 million of Anchorage Capital 6,up for sale at 1.30pm New York time.

Kroll fires back at ‘factual errors’ in WSJ CLO rating report
Kroll Bond Rating Agency has hit back at the Wall Street Journal article that suggested the firm gives higher ratings to CLOs than its competitors

BlueMountain starts new chapter as co-founder leaves and it winds down hedge fund
There are sweeping changes taking place at BlueMountain Capital Management, with the firm announcing that co-founder Stephen Siderow is leaving and that it is winding down its flagship hedge fund, BlueMountain Credit Alternatives Fund

Deluxe bankruptcy causes picture to blur for CLOs
CLO managers hold $598 million of the video services company’s term loan, according to the latest trustee reports from CLO-i

For a while, it seemed like every private equity fund was launching a credit fund

Fund performance
A round-up of fund performance

Ucits at a glance
A round-up of ucits fund performance

Credit funds at a glance
A round-up of fundraising and people moves in credit

CLOs at a glance
A round-up of CLO performance

Bardin Hill CLO double B tranche downgraded to Caa1 by Moody's
Moody’s has downgraded the class E notes of Bardin Hill’s CLO, Halcyon Loan Advisors Funding 2013-2, to Caa1, the agency has announced

Ultra Resources loan downgrade unlikely to burn CLOs
The downgrade of Ultra Resources to triple C is not expected to have a material impact on CLO portfolios, accordng to market sources. Loan investors took the matter in their stride as the issuer's term loan Bs are being quoted today at 68.4/70.2 - up from 68.2/70.25 from Thursday, according to IHS Markit

If national income were a four-cylinder engine, the US economy is really only firing on one
The US economy’s reliance on consumers increases the likelihood of further rate cuts and diminishing returns for credit investors

For enhanced CLOs to outperform, investors need the credit cycle to turn — and quickly
If the current credit cycle doesn’t end within two years, triple C-heavy CLOs will not see a return on their high financing costs

Ucits at a glance
A round-up of ucits fund performance

Loan shocks give 2018 warehouses yet another scare
The recent sell-off in loans could be an unwelcome development for long-dated CLO warehouses, which may have thought they were over the worst after a testing Q1. 

CLOs at a glance

A round-up of CLO performance

Credit funds at a glance
A round-up of fundraising and people moves in credit

Fund performance
A round-up of fund performance

One day, two investors, three CLO controlling stakes in secondary
Two investors are inviting bids for anchor positions they hold in three CLOs.

Carlyle CLO warehouse investment results in 26.7% return for South Korean firm
A CLO warehouse investment in a transaction managed by Carlyle Group has generated a $1.3 million return for Seoul-based Tiger Alternative Investors, according to a report in The Korea Economic Daily

Green bonds and international credit deliver double-digit returns for Swedish pension
Second Swedish National Pension Fund (AP2) reached SEK 367.4 billion in the first half of 2019, with investments in fixed income generating double-digit returns, according to its half year report