Seriously, the CLO arb is difficult right now

Seriously, the CLO arb is difficult right now
We know the arbitrage for CLO equity is never perfect, but the arb progressively deteriorated through 2018. Since January, the picture has worsened further after a brief respite in December

US CLO league tables: Octagon and Citi lead the way
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. 

CIFC prices its third US CLO of the year
CIFC Asset Management priced a $605.4 million CLO, CIFC Funding 2019-III, last week via Citi

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

Former CIFC co-chief executive joins DFG
DFG Investment Advisers has hired the former co-chief executive officer of CIFC Asset Management

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

Former CEO of CIFC establishes new CLO management firm
Peter Gleysteen, founder and ex-CEO of CIFC Asset Management, is launching a new private credit firm named AGL Credit Management

CIFC becomes second CLO manager of 2019 with two US new issues
CIFC Asset Management on Friday became the second CLO manager to price a second US new issue in 2019

CIFC casts wide net as it prices upsized US CLO
CIFC Asset Management went down the widely-syndicated route after pricing CIFC Funding 2019-I

CIFC launches CLO fund with investment grade mandate
CIFC Asset Management is back in the market with yet another CLO-focused fund – this time, aimed at investment grade opportunities

CIFC lines up new $505 million CLO via Morgan Stanley
The first tier manager is set to hit the market for the first time in 2019, after a busy 2018

CIFC launches its first CLO Ucits fund
CIFC Asset Management has become the latest manager to launch a new CLO Ucits fund

CIFC prepares CLO-focused fund
CIFC Asset Management is in the market with another CLO fund, only eight months after teaming up with New York-based City National Rochdale to launch a CLO-focused credit interval fund

CLO warehouse terms free up as stakeholders negotiate
CLO warehouse terms are becoming more flexible as dealers compete for business, and equity investors seek to extract maximum value from their deals. Sources say that warehouse maturities are more frequently rising to three years for certain deals in the US market, and that banks may be moving away from the mark-to-market warehouse model  

Spreads widen as CIFC prices $470 million CLO refi via Citi
CIFC Asset Management priced its 15th CLO transaction of the year on Friday, with a $470 million refinancing of CIFC Funding 2015-IV

Global CLO round-up: there's something for everyone as CLOs put on a good spread
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening

CIFC prices its fifth new CLO this year
CIFC Asset Management priced its fifth new issue CLO of 2018 today, bringing its total new issue volumes for this year up to $3.81 billion

US CLO league tables: Citi edges ahead of Morgan Stanley in new issues for league table clean sweep
Citi has nipped ahead of Morgan Stanley in the new issue US CLO league tables and is now the market leading bank for all forms of CLO pricing and repricing in the US.

CIFC confirms Robinson's arrival as CIO for Europe
CIFC Asset Management has this morning confirmed that Dan Robinson has joined the firm to lead it European business

CIFC hires team of four for distressed credit push
CIFC, a manager specialising in US corporate and structured credit, is building out its distressed debt capabilities with four senior hires in anticipation of a maturing credit cycle

CIFC resets 2014 US CLO via Citi
CIFC Asset Management has given a 2014 CLO a new lease of life following the five-year reset of CIFC 2014-V, which priced yesterday via Citi

CIFC returns to market with largest new issue CLO in over three months
CIFC Asset Management and Credit Suisse have teamed up to issue the largest new BSL CLO since May

CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures