Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

CLO fund comes top by distance in middling month for credit
A CIS Asset Management fund, which invests mainly in US CLO equity, was the star performer in March after gaining 7.36% in the month

WhiteStar finally makes it to Europe
US CLO manager WhiteStar Asset Management opened an office in London last month in what officials describe as the culmination of a plan that has been many years in the making

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Credit hedge funds (May 2021)
Credit hedge fund returns

Ucits at a glance: Altana moves into pole position
March marked a drop in pace for Ucits funds as only 62% of funds made positive returns, compared to 80% in February

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

CLOs at a glance (May 2021)
A listing of CLOs that have priced in the last month

CLOs cushioned as regulators get more comfortable on Sofr
The quest to find a suitable Libor replacement looks to have taken a big step forward in recent weeks, with hopes rekindled that securitised products such as CLOs and ABS could soon make use of a term Secured Overnight Financing Rate (Sofr)

CLO life experiences part I: "We have not reflected the communities we serve"
In the first in a three-part series, Creditflux spoke with senior people of colour in the CLO industry about their experiences. This provides perspective on how the CLO market has evolved and must continue to do so. In today's edition, Citi's Brian Bejile shares his views.  

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion

Loan triple-A buyer adds option to convert, but keeps faith in CLOs
A CLO triple A investor has developed its CLO investment strategy by embedding an option that allows the bank to convert its CLO exposure from loan to note format

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues

US CLO specialist opens London office for European expansion
A Dallas-headquartered firm has hired from Standard Life Aberdeen to lead a European business

CME touts forward-looking Sofr term benchmarks
CME Group has begun publishing term benchmarks for the secured overnight interest rate (Sofr) as part of the global push to move away from Libor in financial markets

Update: Rev up the DeLorian, we’ve gone back to the future
CLO equity investors are heading back to 2017 and 2019 CLOs and reviving them as the CLO market slips into fifth gear with refinancings, resets and new issues galore. This article features updated CLO arranger counsel figures for Cadwalader, which moves the firm up to second place. 

BlueBay confirms hire in structured credit and CLO management team
The new appointment will focus on investing in US and European structured credit securities across the capital structure

Global CLO trading lab: secondary volumes inflate and easily get absorbed
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

BofA and Citi unveil multi-dealer platform for CLOs and loans
Bank of America and Citi have joined forces with plans for a multi-dealer CLO and loan platform which will cover trading, data and analytics

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

ESG drive poses little threat to CLO returns or flexibility, says Moody's
Environmental, social and governance investment criteria are not impairing CLOs either in flexibility or performance, Moody's Investors Service has found in a new report