Global CLO b-wic round-up: US and European double B trading patterns diverge
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.

Angelo Gordon prices first euro CLO and matches market's tightest triple A print
Angelo Gordon made its European CLO market debut on Friday and scored the continent’s tightest triple A print in the process, according to market sources

CLO pipeline: new kids in class look to excel on first assignments
The summer holiday is well and truly over with the European CLO market building on last week’s momentum as three new deals and one reset are to enter the primary market. 

Two managers market their first ever European CLOs
Two CLO managers are in the process of marketing their inaugural European CLOs to investors, according to market sources

PGIM's euro credit research head joins former colleague at Angelo Gordon
PGIM’s head of European credit research has joined Angelo Gordon

Credit funds at a glance

Sungard bankruptcy to cause minor burns for CLOs
A total of $202.5 million of the loan basks in CLO structures - but managers are unlikely to get badly burned, sources say. And CLOs are fairly well-positioned to retain such assets with several structural factors and indenture provisions

Europe's CLO manager field set to get bigger as managers from all corners aim to break through
Regulation does not always impair activity

Senior CLO investors get extra call protection as Angelo Gordon prices
Senior CLO investors are scoring enhanced call protection this month, as Angelo Gordon yesterday became the second manager to price a CLO with variable levels of callability

Angelo Gordon readies new CLO with unusual callability structure
Angelo Gordon is marketing a $448.75 million new issue CLO via Citi, according to market sources

It’s going to be a credit picker’s market
Our panel of experts believe that the credit market will be volatile this year, but there will be opportunities in European credit and additional tier one bonds, trups CDOs and unitranches

Angelo Gordon reissues 2014 CLO with triple As printing at 130bp
Angelo Gordon has reissued its 2014 vintage CLO Northwoods Capital XIV via Barclays, according to market sources

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

Barclays prices CLO reissue with unusual step-up
A New York-based manager has completed its second CLO reissue of the year, binging its annual volumes for these types of transactions to $1.21 billion

Angelo Gordon brings in European CLO portfolio manager to establish new business
Angelo Gordon has made a breakthrough in its bid to establish a European CLO business

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

New York manager prices second deal of the year via Credit Suisse
The manager issued its second CLO of the year yesterday via Credit Suisse, according to market sources

Manager teams up with Credit Suisse for the first time to launch new CLO
The manager has priced its first transaction in the CLO market this year, teaming up with Credit Suisse to issue a new deal

Angelo Gordon leads the way as US CLO managers turn to Europe
US CLO managers are looking to replicate their success domestically by building European CLO businesses

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management