Past returns: secret CLO market
Five years ago in Creditflux, we reported on the emergence of an inter-dealer market for CLOs

Points up front: Buttermilking it
We were amused to see that GSO Capital Partners has priced its latest park-themed US deal: Buttermilk Park CLO

There is an opportunity for investors able to look beyond the typical fixed income asset classes
Real money investors need to be aware of the merits of investment grade CLO tranches over similarly rated corporate debt, says our columnist Thomas Majewski

Past returns: LMCG and Trump
In Creditflux five years ago we reported on LMCG Investments (then known as Serenitas Capital) generating strong returns after spinning out of Bank America Merrill Lynch.

Borrowers who made the one-month Libor election at the beginning of the year saved only a bit of money
The spread between one-month Libor and three-month Libor has garnered a significant amount of attention in the CLO market this year. Indeed, some market prognosticators suggested that the difference between the two rates could have such an impact that it would shut down the primary CLO market. 

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

CLO 2.0s could weather a downturn better than 1.0s did
Improvements to structures and rating requirements, along with the involvement of a more suitable investor base, mean CLO 2.0s should cope when the cycle turns

Points up front: BlueGreen OneTreeHill United - the CLO team
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers

CLO equity can help pension funds expand their efficient frontier
Our columnist and Eagle Point Credit Management founder Thomas Majewski looks at how CLO equity can benefit pension funds

They said it: “Occam’s razor, the marshmallow test and the Pareto principle – what do they have in common?”
The simplest solution is often the best solution, delayed gratification and the 80/20 rule; these can all be used in the assessment of CLO manager performance

Past returns: KKR CLO was sign of things to come
Five years ago in Creditflux, we reported on KKR Credit pricing a US CLO that complied with European risk retention rules, in what was believed to be one of the first deals of its kind

We are not structured finance investors – we are corporate credit specialists
Fair Oaks' Miguel Ramos-Fuentenebro takes our credit quiz

Points up front: accountant by day, goaltender extraordinaire by night
Golub's Scott Foster shows off his reflexes in an incredible debut for the NHL's Chicago Blackhawks

Long-term lock-up funds work very well in private equity, but CLO equity has greater needs
Beware of applying to CLOs fund structures that work for other asset classes, such as private equity. The result may be lost value

Tech is benefiting from all the trends that are hurting retail
CBAM's Don Young takes our credit quiz

US risk retention did wonders for CLOs
As managers circled the globe seeking to raise risk retention funds they sold CLOs to a whole new audience, says our newest columnist Eagle Point founder Thomas Majewski

They said it: BSL loans and mid-market loans are basically the same thing
A US CLO portfolio manager is heard putting himself forward for a direct lending fund management role..

Points up front: a few weeks' worth of dual compliance
Dual compliance is so 2017. And yet European CLO managers are pursuing US risk retention compliance. Perhaps memories of 2013 are resurfacing

Join the debate: most memorable moment in credit
At Creditflux we’ve now produced 200 monthly magazines since Fishknife first came up with the idea of tracking the global credit markets in 2001). We asked several key credit industry officials about their most memorable moment in credit

Staying afloat in credit takes care and character
In his final article, our columnist sheds light on his identity and has some 'nice' advice for those navigating credit’s changeable oceans

Past returns: Europe's own risk retention rewrite
Five years ago we reported that European CLO managers were hunting for partners to retain risk retention on their behalf. Shortly after, regulators performed a U-turn (nothing new here) and decided to prohibit third parties from acting as risk retainers

Join the debate: flippin' heck, you're distorting the CLO market
After our report on a CLO investor flipping 2018 bonds before the deals had even closed, one reader pointed out that this "masks true demand"

Points up front: the best way to source direct lending loans is to sit and wait
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra.

They said it: CLO managers are a generous sort
With US risk retention set to be repealed, one CLO equity investor is convinced that managers will readily return 'risk retention capital' to investors

Past returns: pension scheme gets stung after regulators rewrite CLO rules
Five years ago, we reported that US pension funds were boosting their allocation to euro-denominated credit. One institution in particular led the way by supporting the first European CLO to be issued since the global financial crisis