Insurers dump floating rate CLOs
Two large insurance firms rotated out of floating rate CLOs by selling roughly $259 million of single A notes via b-wics last month, according to market sources.

US insurer seeks CLO portfolio manager to run $4.64 billion portfolio
A US insurer has grown its CLO book by 136% over the course of 2018. Now it's looking to hire a portfolio manager to oversee its CLO assets, which are largely triple B-rated

NAIC reports that US insurers more than doubled their CLO holdings in 2018
The National Association of Insurance Companies (NAIC) announced that US-based insurance companies own $122 billion in CLO paper as of 2018 year-end – more than double the $54 billion reported for year-end 2017

New investments drive Canada Pension Plan’s credit returns to 8.7%
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report  

Texas pension awards $75 million to CLO fund
The new commitment will sit in its strategic credit opportunities bucket

Missouri pension plan seeks alternatives consultant
The $8.2 billion Missouri State Employees’ Retirement System (MOSERS) is seeking an alternative investment consultants

Wealth manager forms CLO partnership with Eagle Point
Alexandria Capital has formed a strategic partnership with CLO equity investor Eagle Point Credit Management

Sound Point wins $285 million CLO equity mandate from Canadian pension fund
The C$366.6 billion Canadian Pension Plan Investment Board is looking towards CLO equity to broaden its investment exposure

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Texas pension fund approves two new CLO manager mandates
The Texas Municipal Retirement System has approved the appointment of GSO Capital Partners LP and Octagon Credit Investors as CLO managers on its non-core fixed income strategy

Californian pension fund approves $50 million commitment to CLO-focused fund
The pension fund has approved a $25 million commitment to an upcoming CLO fund, adding to $25 million previously committed 

US pension scheme puts $100 million into top-performing CQS fund
A multi-strategy credit fund run by CQS has earned a $100 million commitment from a US pension fund

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

Insurers go direct for retention
Three insurers have supported their CLO-managing affiliate by investing in the equity of a recent deal  

Pension fund signs up to majority CLO equity strategy
A control CLO equity investor has pulled in $100 million of capital from a US pension fund

Banc of California grows CLO book to $1.7bn
Banc of California has emerged as a major buyer of senior CLO tranches in the past year as it has more than tripled the size of its CLO book

US insurance company's affiliate looks to expand in structured credit
An insurance company-backed asset manager is making a push into the structured credit market

SocGen wins mandate to arrange $407 million CLO for US loan manager
Societe Generale has won a mandate to arrange its first new CLO since February last year, according to market sources