Pro Mach packs biggest punch for CLOs as lev loan index takes a tumble
 The US manufacturer's $819 million Term Loan B, due March 2025, dropped 0.76% on Monday from Friday’s close

Till debt us do part: CLOs have and hold David's Bridal loans as they plummet 10.87%
CLOs hold $26.63 million exposure to David’s Bridal, which filed for Chapter 11 bankruptcy on Monday

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

LSTA asks for return of CLO bond buckets as part of Volcker reform
The Loan Syndication and Trading Association is advocating the return of high yield bond baskets within US CLO portfolios in what could be another sign of the shackles being loosened on CLO regulation in the US

Tetragon confirms appointment of former BlackRock US CLO co-head Snell
Scott Snell, former head of BlackRock's US CLO unit, has joined Tetragon 

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

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

Growth in UK loan issuance sparks sterling CLO revival
Strong sterling denominated leveraged loan issuance relative to euro issuance in western Europe has inspired securitisers to launch CLOs in the British currency

Portfolio manager central to European CLO expansion to leave Neuberger
One of the key figures behind the launch of Neuberger Berman’s European CLO business is set to leave the firm

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

European loans specialist joins Fair Oaks and reunites with former colleague
Fair Oaks Capital’s expansion into CLO management has taken another step forward

King Street loses out as European loan specialist has change of heart
Market sources say that King Street Capital Management came tantalisingly close to bringing in a senior official to help establish its European CLO business

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

PGIM's Juliano set for promotion to head US loan business
Brian Juliano is set to become the head of PGIM’s US loan management team upon the retirement of Joe Lemanowicz later this year

Fair Oaks expands into European loans with major hire
Fair Oaks Capital – one of the largest CLO equity investors in the market – has hired a well-known figure in the CLO industry to build a European corporate loan business

KKR promotes recent hire to its European credit business
KKR has revealed a list of promotions across its private credit strategies. They include the promotion of Matthieu Boulanger – who joined KKR only mere three months ago – to partner