Credit hedge funds - December 2024
Credit hedge fund performance

Janus Henderson highlights agency mortgages in new fixed-income ETF
John Kerschner views agency mortgages as the cheapest thing in fixed-income and has a high allocation for the new JIII ETF   

November 2023 US Leveraged Highlights
Debtwire today releases the November 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high-yield bond markets

Rockford Tower turns to CBOs in first deal of year
Rockford Tower Capital Management made the transition from regular-way CLOs into bond-heavy deals by pricing its debut transaction on Thursday

Debt investors agree to nine-month call lock in Anchorage CBO refi
Anchorage Capital Group refinanced the mezzanine debt of its 2019 bond-heavy CLO named Anchorage Credit Funding 9 on Friday

CLO refi and reset volumes surge with $2.3 billion priced on Friday
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO

2021 CBO refi volume reaches record as CSAM cuts costs on 2019 deal
Credit Suisse Asset Management paired with Citi on Thursday to refinance the mezzanine debt tranches of its 2019 bond-heavy CLO named One Eleven Funding III

Anchorage refis mezz tranches of twin CBOs
Anchorage Capital Group has refinanced the mezzanine debt tranches of two of its CBOs

Anchorage adds double B tranche to 2019 bond-flex CLO
Anchorage Capital Group has added a double B liability tranche to a 2019 bond-heavy CLO following a refinancing

Blackstone refinances mezz tranches of 2018 bond-heavy CLO
Blackstone Credit has teamed up with GreensLedge to refinance the mezzanine debt notes of a 2018-vintage inaugural bond-heavy CLO named Cirrus Funding 2018-1

Fund performance: CLO tranches move up
April returns managed a partial bounce back after a tumultuous March. 82% of funds listed in the Creditflux database made positive returns, showing at least small signs of recovery after 90% of all funds listed posted negative returns in March

CLOs on lookout as Neiman recovery signals slump and DC confirms credit event
Five-year CDS referencing Neiman Marcus widened by four points to 95.25 points up front, according to IHS Markit, as the Americas Determinations Committee confirmed the US retailer has triggered a bankruptcy credit event

Frontier bankruptcy dials up pressure for 90 CLOs
Nine CLO managers hold $217 million of Frontier Communications’ debt across 90 CLOs, as the telecommunications company filed for Chapter 11 protection in the US Bankruptcy Court Southern District of New York

Anchorage prices new issue CBO via GreensLedge
Anchorage Capital Group has priced a $405 million CBO named Anchorage Credit Funding 9, according to market sources

Palmer Square shows it's not afraid of experimenting as it prices debut CBO
Palmer Square - the market leader for static CLOs - has tried its hand at a new structure by pricing its first CBO

Anchorage prices 2019's first CBO with seniors at 4.62%, halving basis with CLOs
Anchorage Capital Group priced 2019’s first CBO yesterday, naming the $300 million deal Anchorage Credit Funding 7

On cloud nine: GSO prices $616 million Cirrus deal in debut CBO
The world’s largest CLO manager entered the collateralized bond obligation market on Friday