Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion

Experienced CLO investor parts ways with bank treasury desk
A senior triple A CLO investor has parted ways with a treasury desk ahead of a move to another financial institution  

Not every CLO can be a winner
The CLO industry has undeniably performed well enough to justify the plaudits it receives. But there will always be some unloved CLO tranches that slip into triple C territory

Plenty more US CLOs in the CCC as buckets pass 5%, finds S&P
US CLO triple C baskets have nudged to 5.02% in November from 4.4% the prior month

Chenavari strikes gold with senior CLO and ABS trading hire
Chenavari Investment Managers has made a senior hire to its European CLO and ABS trading team

Founder of Alcentra's structured credit business to step down as PM
A long-time CLO tranche investor is set to move away from day-to-day portfolio management duties and take on a new role as senior advisor 

Eagle Point expands into structured products including SRTs with big hire
Eagle Point Credit Management has hired a head of ABS, MBS SRT and specialty finance, in a move which underlines the firm’s progression from a CLO equity investor to a broader credit asset manager.

RBC CLO structuring head set to return to old stomping ground
Royal Bank of Canada’s head of CLO structuring is poised to rejoin a former employer, ending his stay at RBC after just a year

Citi structured credit specialist leaves after 15 years
A key figure in Citi’s European structured credit business since 2007 has joined Julius Baer as head of corporate finance advisory

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

NatWest keeps up momentum in US mid-market CLOs with role on MidCap new issue
NatWest Markets has scored another US CLO new issue arranging credit after teaming with Natixis and Apollo Global on Apollo-affiliate MidCap Financial's latest middle market transaction

US CLO structuring head to leave Credit Suisse
Credit Suisse’s head of US CLO structuring is understood to be leaving the bank after nearly 10 years

Arb work pays off
With day-one arbitrage alone delivering projected CLO cash-on-cash returns of 20-25%, 2021 may have been the best year ever for equity investors — at least until CLO spreads began to widen  

They said it: "I feel vindicated..."
Dallas-based Patrick Daugherty says “it was worth it”, after his settlement with Highland

Marathon changes pace with rival's head of US CLOs set to join
Marathon is bringing in a senior portfolio manager from another CLO issuer

Three US CLOs join growing list of deals to default
Another three US CLOs have the ignominy of having their tranches downgraded to D, taking the total list of 2.0 CLOs to default to eight. Before August 2021, 2.0 CLOs had a clean record according to S&P ratings 

MidOcean announces promotions in credit business
Two portfolio managers are among those to earn promotion at MidOcean Partners 

Highland turnaround is complete as Daugherty takes control of affiliates
“I feel vindicated and proud to have fought for over 10 years on behalf of investors. It was worth it,” Daugherty tells Creditflux after reaching an agreement with Highland where he will have an ownership stake in the Highland platform, among other things 

Spac pricing hints at Sound Point's growth ambitions in loan market
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform

III promotes CLO head to partner
III Capital Management, the investment manager arm of AVM, has promoted its head of CLOs to partner

Marathon promotes CLO specialist to managing director
Marathon Asset Management has a promoted CLO specialist to managing director, in a role which encompasses the management of all non-credit elements of the firm’s CLO business

Franklin makes it back to CLOs as parent company looks to issue through two channels
Franklin Advisers has made a return to CLO management after 10 years in a deal arranged by JP Morgan

WhiteStar to absorb MacKay Shields' European CLO platform
WhiteStar Asset Management has swooped for MacKay Shields’ European CLO business, ending weeks of speculation over the latter’s CLO ambitions and confirming WhiteStar's status as a rising star 

It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels