Ucits at a glance: Robus and Altana dip but stay at the top
In October, Ucits funds continued a slide that had begun the previous month with 60% of them in the red

CIFC pushes into direct lending with LBC acquisition
CIFC Asset Management has agreed to buy middle market direct lender LBC Credit Partners

CIFC pairs with Bank of America for $460 million CLO reset
CIFC Asset Management teamed up with Bank of America on Tuesday to reset its legacy CLO, CIFC Funding 2019-V

CLO managers refi $1.7 billion across four deals
Four CLO managers refinanced legacy deals on Tuesday, for a total $1.7 billion

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021

Fund performance: Dominant CLO funds look to end the year with 20%-plus gains
Once again the Creditflux hedge fund top 10 is dominated by CLO funds, with seven funds among the best performers in September.

Ucits at a glance: Robus and Altana enter the final sprint neck and neck
A downward turn hit Ucits funds as 65% of them made positive returns in September,

CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion

Three control CLO equity blocks trade, including rare CIFC deal with ultra-low funding costs
Three US CLO anchor equity positions traded Tuesday courtesy of one b-wic at 9.30am New York time

CIFC pulls CLO market tighter with seventh US deal of year
CIFC Asset Management teamed up with Nomura on Monday to price the tightest new CLO in over two weeks

US CLO pipeline: newcomers look to follow Beach Point's lead by pricing before year-end
Beach Point Capital Management became the latest debut issuer in the US CLO market on Friday, and Sycamore Tree Capital Partners and Putnam Investments are set to join it    

Everyone’s ramping

Ucits at a glance: Angsana recovers from July slump
Just under 75% of Ucits funds made positive returns in August, holding steady from June and July

CIFC looks to have another crack at direct lending
CIFC Asset Management is exploring the possibility of building out a direct lending business for a second time, with chief executive officer Steve Vaccaro telling the audience at Creditflux’s CLO Symposium that the firm is looking to broaden its business

Points up front: CLO award-winners love bowing out at the top
Reaching the summit of their profession gives CLO officials the compulsion to move on to pastures new, as evidenced by the Creditflux Manager Awards

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

CIFC launches $2bn loan SMA with Texas pension fund
CIFC Asset Management has teamed up with Teacher Retirement System of Texas to launch a separately managed account named Texas Debt Capital LP to invest in senior secured loans

CLO resets top $2 billion for second day this week
CLO reset volume topped $2 billion on Thursday as Antares Capital Management, CIFC Asset Management and Shenkman Capital Management each reworked older deals

CIFC European CLO head leaves on eve of deal pricing
CIFC Asset Management's European chief investment officer has left the firm resulting in two senior US officials plugging the gap on a short-term basis 

CIFC's Vaccaro highlights importance of company culture [video]
CIFC Asset Management’s Steve Vaccaro gave an insight into his company’s approach to diversity and inclusion at Creditflux’s CLO Symposium earlier this month. He said that these values have been a focus for CIFC for a long time, culminating in the firm producing a CLO linked to a charitable initiative in May

114bp is triple A spread to beat as CIFC prints sixth new US CLO of 2021
CIFC Asset Management placed its sixth new US CLO of the year on Wednesday with the triple A notes coming in at 114 basis points over Libor, a full 4.25bp tight of the 10-day rolling average

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

Déjà vu as CLO strategies again top hedge fund tables
Seven out of the top 10 funds in our hedge fund tables belong to the CLO category as the asset class outperformed again in July

An alternative way of looking at CLO overlap
Analysing CLO collateral to look for overlap is critical for any CLO investor, but it is normally done either within a portfolio of CLOs or by bilaterally comparing two managers. In one of its latest research pieces, Moody’s Analytics has taken a different approach