West coast manager becomes 14th to rework a CLO this month
A west coast manager became the 14^th to rework a CLO this month on Tuesday, pricing a $452.4 million reset via JP Morgan

Pension fund set to vote on rescinding York credit commitment and cutting Tricadia
The investment committee at San Bernardino County Employees’ Retirement Association has recommended that the pension fund rescind its commitment to a structured credit fund managed by York Capital Management, and terminate its relationship with multi-strategy credit manager Tricadia Capital Management

GoldenTree hires two arrangers to reset 2016 vintage CLO
Goldentree Asset Management priced its fourth CLO transaction of the year on Friday

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.

Sound Point prices CLO 20 in $810.3 million deal
Sound Point Capital Management priced an $810.25 million new issue CLO on Friday named Sound Point CLO XX

CLO b-wic line-up: Fidelity's senior notes go on sale for a second time in nine days
Triple As dominate the secondary CLO market today with $46.3 million worth of notes going up for sale.

US CLO league tables: competition intensifies among dealers
$13.6 billion of new issue paper was produced in May, bringing total new CLO volumes to $52.1 billion for the year. And last month there was plenty of movement in the arranger league tables

CLO b-wic line-up: in-demand GoldenTree CLO returns to secondary market
The double B notes in a recent GoldenTree Loan Management CLO are available in the secondary market today. The low-coupon bond is expected to trade at around 97 cents which would equate to a DM inside recent levels in the primary CLO market 

US CLO round-up: volumes move in sync with 2017, but it could not be more different
$111 billion of CLO isssuance this year compared to $113 billion by this point last year. But new managers, spread movements and no risk retention make it seem like a completely different environment

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

Third time's a charm as Apollo reworks 2012 CLO once again
Apollo Credit Management has cemented its status as the most frequent restructurer of its older vintage CLOs

2018 US CLOs are highly ramped at closing, but this could decline, says Fitch
New US CLO portfolios at closing have been ramped by over 83% on average every month this year, according to research from Fitch Ratings

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

CIFC's Vaccaro takes over as sole CEO as Wriedt makes abrupt departure
Steve Vaccaro has been appointed sole chief executive officer of CIFC Asset Management following the departure of co-CEO Oliver Wriedt

GoldenTree markets unusual CLO with highly concentrated asset pool
GoldenTree Asset Management is restructuring a 2012 transaction, according to market sources

CLO b-wic line-up: large equity positions and a vertical strip hit the market
Shedding vertical strips is a big trend these days with BlueMountain Fuji CLO Management seemingly looking to shed notes from one of its US CLOs

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

Credit hedge fund to pay $10 million to settle insider trading case
New York-based Visium Asset Management is to pay approximately $10 million to settle a credit fund insider trading case, 8 May US regulatory filings reveal

Apollo set to return to CLO market with third reworking of 2012 deal
The manager has hired Goldman Sachs to arrange a $515.75 million reset of ALM VI, which was previously refinanced in June 2015 and July 2017

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

Distressed debt specialist closes $727 million credit fund
Balbec Capital has announced the final close of InSolve Global Credit Fund III with $727 million capital commitments

Private debt impact funds demonstrate their value in emerging markets
Private debt is becoming an important channel for impact investing with over a third of impact investing AUM tied to private debt, according to a new survey

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?
 

CLO b-wic line-up: Carlson CLO equity available with non-call due to expire
$48.82 million of US CLO paper is available in the secondary market today through b-wics, according to CLO-i