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We’ve survived before, we can do so again
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par5 years ago -
A round-up of fundraising and people moves in credit
5 years ago -
CLOs at a glance: CLO primary market grinds to a halt
5 years ago
A round-up of CLO performance -
Ucits at a glance: Long-short approach lifts Pictet to the top
A round-up of ucits fund performance5 years ago -
Fund perfomance: Slowdown for some as pandemic takes hold
A round-up of fund performance5 years ago -
In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios5 years ago
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Dispersion tests hedge fund managers
Credit hedge funds with the ability to go long and short the market were the top performers last year. But dispersion made it possible for fund managers to eke out value across many sectors5 years ago -
CLO managers don’t always prioritise profits
Research into CLO trading by professors Florin Vasvari and Maria Loumioti leads them to believe that, when CLOs are bound by strict constraints, managers tend to focus on ‘compliance trading’5 years ago -
Credit funds at a glance
5 years ago
A round-up of fundraising and people moves in credit -
Fund performance: CLO funds pick up where they left off
5 years ago
A round-up of fund performance -
CSAM sees sun after nine years in shade
Credit Suisse Asset Management has become the leading CLO manager by assets under management globally after finally topping perennial leader GSO Capital Partners. However, CSAM's lead is the size of just one CLO5 years ago -
Fund performance: Presents under the tree as CLO funds perform
A round-up of fund performance5 years ago -
A round-up of fundraising and people moves in credit
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Attack is the best form of defence
5 years ago
Yes, idiosyncratic risks are creeping into corporate credit. But speakers at Creditflux’s CLO Summit were convinced that the most creative firms will be able to thrive without taking on additional risk -
Deluxe decline leaves CLOs feeling deflated
5 years ago
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events. -
Issuers fashion new outfits for junior mezz
Junior CLO tranches have lost around five points in the past quarter. In response, new issue desks are dressing up junior debt in two piece suits and designing a range of protective styles5 years ago -
Fund performance: Long-short funds rule in October as CLO funds struggle
5 years ago
A round-up of fund performance -
CLOs at a glance: innovations arrive as year draws to close
A round-up of CLO performance5 years ago -
A new generation of AI tools is helping CLO managers optimise their portfolio selection and trading strategies. Sky Road has made great strides in this area by creating a tool which helps identify trades5 years ago
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CBOs aren’t fixated on interest rate moves
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds.5 years ago -
We didn’t take full advantage of volatility
The Creditflux CLO Census found that CLO arrangers and investors were more bullish than managers, who accepted they could have done more to capitalise on loan volatility late last year5 years ago -
Two roads diverged in the CLO wood
In Europe, the third quarter was all twists and turns: volumes hit €11.9 billion, the ECB cut rates and CLO triple A spreads tightened 14bp in three deals. In the US, the path was more straightforward5 years ago -
Fund performance
5 years ago
A round-up of fund performance click here. -
CLOs at a glance
5 years ago
A round-up of CLO performance -
Beyond blacklists: the next step in ESG
5 years ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
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