Fed gets $723.1 million of talf requests in second round of funding
Small businesses and CMBS dominated the second round of term asset backed loan funding, as the New York Federal Reserve received $723.1 million worth of requests from issuers to tap into the financial rescue loans

Newcomer wins Creditflux Manager of the Year award in virtual event
Last night Creditflux presented its first ever virtual hosting of our annual Manager Awards, with over 450 people tuning in live to see the winners announced

Creditflux announces finalists for Manager of the Year award
Ahead of the virtual awards ceremony on 15 July Creditflux is thrilled to announce the four finalists for the prestigious Manager of the Year category.

Palmer Square eyes talf-eligible CLO after Fed clarification
Palmer Square Capital Management is said to be exploring its options for issuing a term ABS loan facility (talf) eligible static CLO

ABS market holds strong as talf date approaches
The US Federal Reserve announced last week that the term ABS loan facility's first subscription date for loans backed by eligible asset-backed securities (ABS) will be 17 June, but before the Fed has even spent a dollar, talf has already been a success, says Tom Sweeney, co-head of structured credit finance at DWS Asset Management.

CLO market welcomes 'favourable and surprising' revisions to talf, but issues remain
CLO participants are welcoming the 'many favourable and even pleasantly surprising' revisions to the term asset backed lending facility announced by the US Federal Reserve today to address previous concerns. This could help reignite the market, but some issues were not addressed

Prophet closing hedge fund due to weak CLO liquidity
Prophet Capital is winding down its $500 million-plus CLO and structured credit hedge fund. The firm cites poor liquidity and uncertain valuations as the biggest factors behind its decision

Former Redding Ridge business development head lands at CLO issuer
The former head of business development at Redding Ridge Asset Management has joined a firm which specialises in CLOs and structured credit

Senior CLO investment officials leaves GSO for Kennedy Lewis
CLO tranche investor Dik Blewitt has parted ways with GSO Capital Partners, landing a job as partner and 'head of tactical opportunities' at Kennedy Lewis Investment Management

Former structured credit co-head Messina lands on buy side
Megan Messina, former co-head of structured credit at Bank of America, has resurfaced at an asset manager three years after leaving the bank

CLO tranche investor leaves Carlyle after 12 years
The New York-based co-head of global structured credit has parted ways with Carlyle, sources say. The firm is understood to have appointed a replacement in London

Inflows boost structured credit mutual funds
Low rates have seen loan mutual funds battle $42 billion of outflows this year, but structured credit funds have been able to grow while capitalising on this volatility, according to sources.

Senior structured credit official leaves GoldenTree
A senior portfolio manager has parted ways with GoldenTree Asset Management, it has emerged

The Last Tranche: managed CSOs and the benefit of CLO Euribor floors [podcast]
Managed CSOs are the talk of the town in the synthetic structured credit market, while CLO investors in Europe are putting a price on how much they value CLO Euribor floors  

BMO brings in experienced CLO official to lead structured credit business
A former Lehman Brothers official has landed at BMO, suggesting the firm is set to scale its CLO business  

Head of structured credit and CLO investments leaves Barings
One of the CLO industry's biggest names has left Barings, resulting in the firm appointing two co-managers for its structured credit investment group 

Citi names sales head with global structured credit remit
Citi has promoted Rajiv Amlani to global head of special products solution sales, in which he will be responsible for non-flow structured credit and securitised trading business

CLO monoline businesses return with new purpose
CLO tranche insurance is making a comeback. Assured Guaranty has underwritten two middle market transactions, while in Europe various firms are testing the waters for this type of insurance, according to sources.

Investcorp hires ex-Medley structured credit head as John Fraser retires
Investcorp has appointed a CLO specialist as co-head of US credit, following the retirement of the firm’s previous sole US credit head

Former Ares partner takes on head of structured products role at Sound Point (correction)
A figure with more than 20 years of experience in CDO and CLO markets has resurfaced at Sound Point in New York