Investors behind CLO guarantees emerge as Assured wraps third deal
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO

Creditflux CLO Census 2021 closes with record participation
The Creditflux CLO Census 2021 has closed with 245 people in the industry casting their vote and having their say on key issues affecting the market

CLO Census latest: voting crosses 200 as range of dealers lead in CLO origination
CLO market participants are placing value on the specialist service that dealers are providing, according to Creditflux’s CLO Census, with three different banks leading the way for US CLO execution, structuring and syndication. A silimar trend is in play in Europe

The Last Tranche with Capital Four: 26% of new European loans have an ESG-linked margin ratchet, and the US could follow fast
In this episode of the Last Tranche, Capital Four's Torben Skødeberg and Jim Wiant discuss the emergence of loans linked to environmental, social and governance (ESG) criteria

CLO Census latest: banks in tight race, 51% optimistic on Sofr and large managers viewed as outperformers
More than 100 CLO market participants have already cast their vote in the most tightly-contested Creditflux CLO Census ever with a single vote separating the top three banks at US and European CLO execution. Meanwhile, most voters are unworried by the Sofr migration and BlackRock, CSAM, CIFC and PGIM are among the CLO managers viewed as having outperformed following the covid crash. Click here to vote: CreditfluxCLOCensus2021

KKR announces new co-CEOs as Kravis and Roberts step down
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts

CLO records tumble with appetite for more as Sofr looms
The CLO market has smashed records and is set to obliterate them all, with the looming transition to Sofr encouraging more supply and yield-starved investors eating it up. 18 months on from an unprecedented shock, the CLO market is bigger than it has ever been

Everyone’s ramping

Fund performance: CLOs lead but variety is the spice of life
.An assortment of funds have made their mark in August as five different strategies make it into our top 10 for the month

Credit hedge funds (October 2021)
Credit hedge fund returns

Ucits at a glance: Angsana recovers from July slump
Just under 75% of Ucits funds made positive returns in August, holding steady from June and July

Credit funds at a glance (October 2021)
A round up of fundraising and people moves in credit

Points up front: CLO award-winners love bowing out at the top
Reaching the summit of their profession gives CLO officials the compulsion to move on to pastures new, as evidenced by the Creditflux Manager Awards

Points up front: Risk retention gets less than 5% of airtime
In a sign of how buoyant the CLO market is, risk retention was hardly mentioned at Creditflux’s CLO Symposium. Milbank partner John Goldfinch gave a self-deprecating assessment... 

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

"Purchasing IG CLO debt was a key driver of success for 1.0 CLOs"
Longer reinvestment periods, the ability to buy IG tranches and improved loan settlements would improve CLOs

"I’m passionate about broader representation within investment teams"
CIP's Leila Donnachy takes our credit quiz 

Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

CIFC European CLO head leaves on eve of deal pricing
CIFC Asset Management's European chief investment officer has left the firm resulting in two senior US officials plugging the gap on a short-term basis 

CLO Census 2021 set to go live with new category for best investors
The Creditflux CLO Census 2021 is about to open and this year there is a new category to determine who the market perceives to be the best CLO investors across equity, junior debt and senior debt tranches

Oxford Funds wins new Creditflux award for best private closed-end CLO fund
Creditflux is happy to announce an additional winner following the 2021 Creditflux Awards Ceremony 

Alcentra makes leadership changes as European CLO head Rainbow goes part-time
Alcentra has announced changes to its leadership team with co-chief investment officer of liquid credit Graham Rainbow deciding to take on a part-time role at the firm