Ucits at a glance: Ucits end strong year on a high

Credit funds at a glance

Deluxe decline leaves CLOs feeling deflated
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.

Deluxe decline leaves CLOs feeling deflated

CIFC beefs up investor relations team in London with two hires
CIFC Asset Management has hired from Muzinich and Murano in a bid to strengthen its European investor relations effort

Deluxe bankruptcy causes picture to blur for CLOs
CLO managers hold $598 million of the video services company’s term loan, according to the latest trustee reports from CLO-i

Rival manager’s warehouse contributes to new CIFC US CLO
CIFC Asset Management has had a productive year after pricing four new issue US CLOs but sources say that the manager’s latest deal, CIFC Funding 2019-IV, owes a lot to another CLO manager.

Large, liquid loans aren’t always perfect
CLOs could be forgiven for rushing to buy Refinitiv loans — after all it was the biggest LBO since the crisis. But some large managers have abstained, while others have bought opportunistically

European CLO PM rumoured to be joining CIFC from large asset manager
CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring the head of European performing credit at a large global credit firm

CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

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

CIFC officials confirm departure of special situations head
Officials at CIFC Asset Management have confirmed the departure of its head of special situations in New York

Structured credit specialist joins CIFC in marketing role
Market sources say that a structured credit specialist has relocated from Dallas to New York in order to join CIFC Asset Management

CIFC marketing officials jump ship to MidOcean
Two senior CIFC employees are said to have left the firm to join MidOcean Partners, according to market sources. 

Former Prospect Capital CLO official lands at New York-based manager
Prospect Capital's senior CLO official Robert Klein has re-emerged this week at a leading CLO manager

CIFC's former co-head of structured products lands at large credit firm
Sources say that an experienced CLO specialist has swapped one large credit manager for another

Well-known CLO investor quits large asset manager in New York
Market sources say that an experienced CLO specialist has left a large credit firm and that he is due to land at a new firm in the coming days

Ex-Citi structured credit strategist joins hedge fund manager in New York
Market sources say that a well known structured credit strategist has recently joined a large credit hedge fund manager in New York. 

Experienced marketer joins HIG in New York
A former CIFC Asset Management marketing and business development specialist has landed at HIG Capital in New York

Senior Garrison official joins large credit manager in New York
A large US credit manager has hired two to its team, including a senior official from Garrison Investment Group

BDC manager Medley makes big hire to marketing team
Middle-market lender Medley has made a big-name hire to its marketing team in New York

Kingsland brings in CLO specialist to bolster New York team
Credit fund manager Kingsland Capital Management has hired a CLO and structured credit specialist from a large asset manager

Leading CLO manager hires marketing specialist from Avenue
Market sources say that a leading CLO manager has added to its marketing department