CLO head exits BAML for rumoured move to the buy side
The head of Bank of America Merrill Lynch’s CLO business has parted ways with the bank

Continuous par build can provide a rainy-day fund for when downgrades to triple Cs pour in
If CLO managers are preparing for mass downgrades to triple C loans, then trading gains and thick OC cushions are the best defences

Points up front: Goldman CLO head smashes triathlon
The head of US CLO syndication at Goldman Sachs, Jamil Nathoo, last month completed the South Beach Triathlon in Miami to raise money for Memorial Sloan Kettering, a cancer treatment centre in New York

Two CLO investors leave GSO in London
Two experienced CLO investors have parted ways with GSO Capital Partners in the last few weeks

Former CIFC co-chief executive joins DFG
DFG Investment Advisers has hired the former co-chief executive officer of CIFC Asset Management

Credit funds at a glance

A round-up of fundraising and people moves in credit

Investcorp hires ex-Medley structured credit head as John Fraser retires
Investcorp has appointed a CLO specialist as co-head of US credit, following the retirement of the firm’s previous sole US credit head

Industry veteran joins B Riley's new credit unit to manage CDOs
B. Riley Capital Management has established a new credit platform 

Former CEO of CIFC establishes new CLO management firm
Peter Gleysteen, founder and ex-CEO of CIFC Asset Management, is launching a new private credit firm named AGL Credit Management

Former Ares partner takes on head of structured products role at Sound Point (correction)
A figure with more than 20 years of experience in CDO and CLO markets has resurfaced at Sound Point in New York 

Goldman Sachs US CLO official lines up for triathlon in support of cancer treatment centre
Jamil Nathoo, head of US CLO syndication at Goldman Sachs, is embarking on a triathlon to raise money for Memorial Sloan Kettering, a cancer treatment centre in New York.

Milbank CLO lawyer in New York departs for Allen & Overy
Allen & Overy has hired a CLO specialist as a partner in its New York office

Ex-Columbia CLO heads partner with insurer to launch CLO business
HalseyPoint Asset Management, the firm founded by the former CLO heads at Columbia Management, has announced a partnership with insurer A-CAP to support the launch of its leveraged loan platform

CLO portfolio manager Terry takes over at Acis as it emerges from bankruptcy
Josh Terry has taken control of the CLO management business used to run after Acis Capital Management announced that its reorganisation plan became effective on 15 February

Churchill appoints head of underwriting
Churchill Asset Management has announced several promotions including head of underwriting and managing director, underwriting and portfolio management

CLOs are not like CDOs, says Barclays, but warns of loan quality impact
CLOs are far removed from the kinds of structured products that contributed to the 2008/09 global financial crisis, Barclays has argued in a wide-ranging research piece this week

Nassau lures bank's CLO origination head as it adds investment arm to manager business
Nassau Re has poached a bank's head of CLO syndicate and origination as it launches a CLO equity and debt investment platform

Orrick adds two CLO specialists as partners
Law firm Orrick has bolstered the firm’s structured finance group with the appointment of two CLO specialists 

Morgan Lewis adds CLO partner to its Washington office
Law firm Morgan Lewis has bolstered its structured credit division, hiring a former Clearly Gottlieb partner 

CLO portfolio managers score promotions at Wellfleet
Wellfleet Credit Partners, the performing credit arm of Littlejohn and co., has promoted its two CLO portfolio managers Scott McKay and Dennis Talley to managing director, according to a statement from the firm. Wellfleet also announced that Jeff Tynik has been promoted to senior credit analyst and loan trader

JP Morgan makes big hire to its global credit trading desk
An experienced banker who has covered CLOs, CSOs, loan TRS and credit derivatives, has joined JP Morgan after leaving BNP Paribas 

Sidley Austin expands CLO practice with partner in New York
Law firm Sidley Austin has appointed a former Clifford Chance CLO specialist as global finance partner in the firm’s New York office.

Raising a glass to women in CLOs
Creditflux’s inaugural Women In CLOs event took place in New York last month, with a wine tasting forming the perfect backdrop to an evening of networking

Junior debt set to be more attractive, but...
Clearly there are more eyes on the CLO market than ever. But some speakers at the CLO Investor Summit were warning of masquerading managers, free-riders, borrower weapons and zombies

Lifelong CLO trader joins Nomura as head of US CLO origination
One of the most experienced names in US CLO trading has joined Nomura to lead its new issue business, sources say