Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

Fishknife classified advertising
Classified ads

Join the debate: Highland v Josh Terry, round two
Highland and its former employee provide Creditflux with statements following an arbitration ruling

Points up front: pricing a CLO is easy, if you know who to talk to
Deals get done at Creditflux conferences. Sometimes even on stage

They said it: long faces on flow traders
Citi’s Jim Hughes tells the Creditflux CLO Investor Summit about how difficult life is for flow credit traders

Market is always wrong on effect of CLO rule changes
Risk retention has made little difference to the CLO industry. And it’s disappearance will similarly have little impact

Rating outlook: Strong demand for CLOs is leading to looser docs
Equity-friendly features are becoming more prevalent in US CLO docs

Join the debate
Par-Four prices a new CLO, providing a perfect opportunity for journalists and readers alike to go wild with golfing puns. 

Past returns
We look back to when CLO investors were morphing into CLO managers and when BlueCrest went on a hiring spree for its credit business

Points up front: goodbye structured credit; hello entrepreneurship
Good luck to former structured credit trader Lukasz Rzeczkowski, who has taken a leap out of the world of finance and into a medical venture.

Points up front: fallible regulators
“Regulators do not have a monopoly on good ideas,” admits the OCC

Why CLOs will not cause the next financial crisis
It is hard to imagine a world in which CLO triple As suffer losses, but we should not be complacent

Past returns: drawing crowds is not easy for bond trading platforms
.

Join the debate: CLO ramp-up failings
“There is one manager out there that has got away with this behaviour for several years. The ‘fight back’ from investors is overdue”

Points up front: the biggest leaving do of the year
Key players from across the CLO industry gathered to bid farewell to Alcentra’s Hiram Hamilton, who is swapping London for New York. 

Fishknife: Interval funds are a step in the right direction
They bring their own dangers, but interval funds are a better vehicle for managing illiquid credit than conventional funds

Points up front: Private equity is the enemy
Damien Dwin of Brightwood Capital Advisors was one of the most talked about speakers at Credit?ux’s Private Credit conference last month in New York, raising a laugh with his forthright comments about private equity ?rms.

Points up front: dying question
The delicate reason, why it may not be possible to call a CLO..

Join the debate: Ellington’s CLO debut
“The bond has a story, but you get paid for that”

Past returns: mixing synthetics and ethics
In Creditflux 10 years ago we looked at how Société Générale was pitching an “ethical” synthetic CDO

Past returns
We wind back the clock to the last time investors were hedging French credit ahead of an election and to when one of the best known CLO investors filed an IPO

Join the debate
What's wrong with non-sponsored direct lending?

Points up front
Natixis's Hernan Quipildor's secret talent and why those looking to launch a hedge fund business should pick their company name wisely  

Points up front: The Creditflux-Oscar awards double
Mike Damaso adds an Oscar to his collection of Creditflux manager awards trophies