Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

European CLO spreads tighten dramatically as Cairn prices new issue deal
Double A and single A rated notes tighten well inside 2017 tights as Cairn prices a new issue European CLO

Dublin-based CLO manager plans €522.1 million reset via Deutsche Bank
The manager is preparing to launch its first CLO transaction of 2018 by resetting a 2015 deal

GLG opens new issue CLO market in Europe with €361 million deal
A London-based manager has become the first to price a new issue deal in the European market this year

ICG reworks 2013 CLO for a second time following €562.6 million reissue
Intermediate Capital Group priced its first CLO transaction of 2018 yesterday

Euro SME CLO market to remain at low issuance levels, DBRS predicts
A new report by credit rating agency DBRS says the European securitisation market has much to be positive about in 2018 – but warns that the SME CLO market is expected to remain at low issuance levels 

Barclays prepares two new CLOs on both sides of the Atlantic
Barclays is preparing to launch two new issue CLOs, according to presale reports from Moody's and Standard and Poor's

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

European CLO spreads grind tighter as Carlyle prices with triple As at 73bp
The manager priced its first CLO transaction of the year on Friday, according to market sources

European CLO refi spreads break 60bp barrier as GSO prices deal
GSO Capital Partners has priced its first CLO transaction of 2018, refinancing a 2015 deal

Carlyle CLO price talk suggests spread tightening is set to continue in 2018
European CLO liability tightening looks set to continue into the new year, as price talk for Carlyle's forthcoming reset deal is announced

Carlyle prepares its first CLO transaction of 2018
Carlyle Group plans to begin its CLO business this year with a €454.25 million reset

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

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

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Carlyle re-issues 2015 European deal for its 20th CLO transaction of the year
Carlyle Group has priced the European CLO re-issue with the lowest funding costs of 2017. The deal is Europe's largest 2.0 CLO, according to CLO-i data.

Global CLO giant brings Euro 2.0 AUM to €2.34 billion
The manager hired Barclays to arrange its sixth European 2.0 transaction yesterday

US CLO debutant to make spectacular move into European CLOs
A fund manager that priced its first US CLO just months ago has started working on its debut European CLO

CLO managers brace for impact as securitisation regulatory changes pass
A new securitisation regime has passed the European Parliament – and it imposes onerous requirements on CLO managers, according to capital markets lawyer David Quirolo

PDM hands euro CLO mandate to bank after hiring three loan specialists
Permira Debt Managers' plan to return to CLO management - a decade after it last priced a CLO - is in motion

White & Case promotes three credit lawyers to partners in US and Europe
White & Case has announced the promotion of three lawyers with credit expertise to its partnership in offices across the US and Europe

GSO's 2017 euro CLO issuance jumps over €3 billion following refi
GSO priced its ninth transaction in the European CLO market this year, according to market sources

ICG set to become latest manager to "reissue" a CLO in €438 million deal
What do you to a CLO that has already been refinanced and is barred from further refis or resets? Reissue it, a new industry trend suggests

Alcentra prices its sixth European CLO transaction of 2017
The €516.8 million deal pays the tighest triple-A spread following a Euro reset since April