Barclays hires top US trader as it aims to become CLO trading powerhouse
The US secondary CLO market is set to experience a shake up with market sources indicating that Barclays has plans on establishing itself as one of the top US CLO trading desks

CLO investor trades out of low-coupon Ares triple As
A $30 million slice of the triple-A tranche of Ares XXVI was sold on Friday with market sources claiming that the stake sold above par with a cover of 100.05

CLO broker joins IHS Markit
Data provider IHS Markit has announced that it has hired a head its CLO pricing team from the sell side

US Treasury proposals could breathe new life into CLO market-making
The US Treasury Department yesterday proposed a dramatic paring back of the Dodd-Frank Act, but made no mention of changing the risk retention rules in relation to CLOs

Zais CLO equity attracts high price in secondary market
An investor, who had seen a Zais CLO return 100% of capital through equity distributions alone, has sold the top-performing CLO's equity notes 

Investor looks to sell entire equity tranche of unique 2014 US CLO
Equity holder looks to offload deal with unique triple A tranche

Top US CLO trader earns promotion in New York
Well-placed sources have told Creditflux that a leading CLO trader has been promoted to managing director

SEC charges ex-Nomura CMBS traders with fraud
The SEC yesterday said that two former Nomura CMBS traders, James Im and Kee Chan, misrepresented price information to clients in trades where they were acting as intermediaries

Citi introduces tiered pricing model for CLO b-wics to boost participation
Market sources say that Citi – one of the largest CLO market-makers in the business – has launched a new CLO b-wic pricing initiative, which could improve liquidity in the secondary market for CLOs

CLO round-up: spreads tighten in secondary as managers turn to refis
CLO spreads have been grinding tighter this year with triple-B discount margins falling from a 424 basis point rolling average to 347bp

Boutique CLO managers boss secondary market
Creditflux analysis shows that, when their total assets are taken into account, small managers' CLOs are more liquid than those of large managers 

Leading CLO market-maker completes big hire in London
An experienced structured credit investor has landed at a bank, which is considered to have one of the leading CLO trading desks in the business

CLO round-up: CSAM prices US triple As at tightest levels since 2013
CLO spreads have been grinding tighter this year and last week saw Credit Suisse Asset Management achieve the tightest triple-A spread in the US market since June 2013, according to Creditflux data

Secondary CLO round-up: investors bid up 2013 BlueMountain CLO
The secondary CLO market slowed down last week, but there was still plenty of mezzanine CLO paper in for the bid, according to data from CLO-i.

CLO equity bids soar above NAV as dealers dominate b-wics
Two of the most active CLO dealing desks snapped up three out of four positions available on a closely watched secondary sale yesterday

Equity holder looks to sell revamped CQS euro CLO
An unnamed investor has put a large portion of CQS’s debut CLO 2.0 up for sale today, after the deal was refinanced earlier this week

Ex-Bear credit sales specialist sets up home in Brownstone
New York-based broker Brownstone Investment Group has hired a senior credit sales specialist, according to well placed sources

Mezz investor makes rapid trading gain after selling 2017 MJX CLO
An investor in MJX Asset Management’s recent US CLO has made a rapid trading gain after selling the deal’s double-B notes in the secondary market yesterday

German bad bank wins huge CLO auction
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning

Control of 2013 US CLO changes hands amid talk of low 20s valuation
A $50 million b-wic featuring control of Mountain Hawk CLO II traded yesterday, according to market sources. The CLO has recovered somewhat after a rocky 2016, but price talk on the equity tranche suggested future distributions will be low

Timing of CLO b-wic puzzles market participants
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS

Rare controlling equity b-wic casts light on CLO fee-sharing deals
CLO investors get a rare chance later today to buy a controlling equity stake in a US CLO complete with a share of the deal's management fees

Single B offers in the 50s fail to tempt CLO secondary buyer
An owic that circulated in the secondary market on Wednesday has failed to generate any trades, according to secondary market sources

Eagle-eyed investor swoops on double B CLOs
Equity buyer raises fund for CLO debt as mezzanine prices slump

Offers wanted list prompts flurry of secondary CLO trades
An owic that circulated in the secondary CLO market yesterday saw good levels of participation, according to secondary traders