Cayman Island hopping: EU laws provoke switch in CLO listings
The Cayman Islands Stock Exchange (CSX) is set to become the listing place of choice in 2019 for CLOs put together by US managers — at least, according to a bold prediction by law firm Harneys.

Baird targets CLO arranging business
A New York brokerage with a CLO trading business is making a pitch to be the first debut arranger of the year. According to market sources, RW Baird has hired CLO origination specialist Mario Verna with a view to building out a CLO primary business. In March, Verna left Guggenheim Securities, where he served on the CLO desk as a managing director.

Affinion skipped interest payment impacts small number of CLOs
Only two CLO managers could be affected by the debt of Affinion Group, who skipped its scheduled 19 Feb interest payment ($22.2 million) to its first-lien 2022 term loan holders 

CLO issuance will temper as market remains in 'exploratory mode', notes BAML research
Following a bout of volatility in the loan market, CLO issuance will be tempered as debt and equity investors rediscover correct pricing levels, according to a new research paper published this week by Bank of America Merrill Lynch

Loan rout gifts CLOs a par-building Christmas present
Correction time is here, as Charlie Brown once (almost) sang, building par and cheer. Fun for all that managers call their favourite time to... deal

BlueMountain hires ex-Deutsche levloan and high yield analyst
The new hire will support portfolio managers responsible for the firm's investments in CLOs

Xtract: CLOs may be further squeezed by one-week Libor Election
There are 30 loans which could, at the drop of a hat, switch to one-week Libor benchmarks, according to a report by Xtract Research

Former American Capital CLO team resurfaces at Ryan Labs
A group of loan and CLO specialists that previously worked together at American Capital have reunited at Ryan Labs Asset Management.

Fight for US loans commences following risk retention U-turn
US CLOs are set to be free from risk retention in the next few weeks. Headache over for US CLO managers? Not really – now it becomes a fight to source the assets that will populate CLOs

Steady nerves pay for CLO managers holding Seadrill
CLO managers that held their loans to Seadrill Partners have been rewarded

CLO managers boost “diversity” by adding industry categories
Some recent CLOs have increased the number of industries into which they classify borrowers to as many as 70, according to Fitch 

Libor switch adds to squeeze on CLO equity
An option at the disposal of loan issuers could give CLO equity investors a serious headache

Former CIFC special situations head resurfaces at $30 billion credit manager
CIFC's former head of special situations has joined a $30 billion credit manager which became an independent firm in March 2016, according to market sources.