Neuberger Berman raises $450 million for CMOA
Neuberger Berman says that it has raised $450 million for its risk retention vehicle, Neuberger Berman Loan Advisors

Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years

GSO goes in-house for its latest credit interval fund
GSO is planning a novel onshore fund to invest in loans and CLOs, according to a prospectus recently filed with the SEC

Managers take baby steps into retail loans
Retail loans have been out of favour among fund managers for some time, and although this sentiment persists, CLO-i data shows that there is an active two-way market for certain names

Fees on the line as CLO investors fight back over ramp-up failings
CLO managers globally are being chastised for failing to deliver on their model portfolios.

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings

CLOs dodged recent loan defaults, according to Wells Fargo
CLO exposure to three recent US loan defaults has been minimal, according to Wells Fargo research

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

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 

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

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

Apollo to liquidate last 1.0 CLO today with $67 million loan b-wic
Apollo Global Management is set to redeem its last outstanding 1.0 CLO via a loan b-wic later today, according to market sources

Heading tighter into uncertainty
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon