BlackRock names head of US CLO business, reports Reuters
BlackRock has appointed Owen Butler to lead its US CLO business, according to an internal memo seen by Reuters

The perception of liquidity is often not the same as the reality
Investec Asset Management's Jeff Boswell takes our credit quiz and discusses liquidity in Europe, the former "darling of the European debt market" Vivarte and the Matrix

Past returns: secret CLO market
Five years ago in Creditflux, we reported on the emergence of an inter-dealer market for CLOs

CLO round-up: reset triple As price apart on divergent portfolios
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum

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

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund

CLO b-wic line up: equity in Apollo euro deal with low funding costs goes on sale
European CLO equity is so often described as being the most illiquid part of the global CLO market, but the last few days there has been a significant amount of trading in this area.

US manager plans debut 2.0 European CLO, six years after selling 1.0 deals
A large US CLO manager is warehousing its first 2.0 CLO in Europe

CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs

CLO b-wic line-up: 5% CLO stakes go up for sale
With US CLO risk retention a thing of the past the door has opened for managers to offload their vertical strips

CLO b-wic line-up: $42 million of double B CLOs go up for sale
$41.9 million of double B notes are up for grabs today via b-wics. Out of these 16 line items, GSO Capital Partners’ Seneca Park is a noteworthy deal with the CLO being just two months away from the end of its reinvestment period

Tracking down the credit industry’s original winners
All winning managers at the first Creditflux awards survived the crisis, under their own names – like BlackRock – or under new owners. But what happened to the people who collected the trophies?
 

US manager hires Alcentra loan PM to spearhead new European CLO unit
A US manager is expected to make its first move into the European CLO market after hiring an experienced loans specialist in London

Who predicted $145 billion of issuance?
That went better than expected: US risk retention came in, and $145 billion of global new issuance later, it’s clear that CLOs aren’t disappearing. By Tanvi Gupta and Sam Robinson

CVC appoints global head of performing credit as Bowers steps down in London
CVC Credit Partners is putting in place a new leadership structure, with partner and senior portfolio manager Jonathan Bowers set to step down from his role

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Spire adds former Highland CLO PM to its team in London
Corporate loan specialist John McAuliffe has joined Spire Partners as a senior credit analyst

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

PDM liquidates CLO funds after 20% per year returns
Permira Debt Managers is liquidating two structured credit funds after generating strong returns

CLO manager looks to raise up to $2 billion to invest in CLOs globally
A US CLO manager is planning to invest in CLO tranches for the first time. It is understood that the firm is putting together a structured credit fund that will also have the ability to invest in index tranches

European CLO portfolio manager parts company with ICG
Market sources say that an experienced leveraged loan manager has left ICG in London

CLO round-up: it's a good time to be a debut manager
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013

Apollo notches up 100% CLO refi/reset record
It’s not easy being a large CLO manager and staying on top of the refi-reset market, but Apollo has managed to do just that

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

Past returns
We wind back the clock to the last time investors were hedging French credit ahead of an election and to when one of the best known CLO investors filed an IPO