Conference hears diverging views on how CLO managers add value
There was disagreement among investors and arrangers at the Creditflux Investor Summit about how CLO managers add value

Drop the call option and get better pricing, CLO equity buyers hear
The call option and other complexities in CLO debt may make the product less appealing to mainstream investors

First payment is crucial for CLO equity returns, conference hears
Equity investors want to see CLOs fully ramped by their closing date and significantly ramped up by pricing

Manager prices new CLO as issuance pace picks up
Deutsche Bank prices manager's second post-crisis CLO

Most CLOs fall short on investor ramp-up expectations, conference hears
A large majority of investors want to see CLOs at least 50% ramped up on pricing, but few current deals achieve that

Spotlight on shipping: leaving the storms behind
Some large container shipping lines are returning to profitability. But many tanker credits are still in danger of being lost at sea

Natixis arranges its first CLO 2.0 of broadly syndicated loans
Natixis yesterday priced its first broadly syndicated CLO of the 2.0 era

Mid-market specialist prices a $514 million CLO
A mid-market CLO specialist has priced its latest deal today

Wells Fargo goes for the double and prices two CLOs for large US manager
Wells Fargo takes a unique step in raising two CLOs in one day

CLO managers are worth their fees, say CLO managers
A shock conclusion from Creditflux's CLO Symposium last month is that CLO managers deserve their typically 50 basis point fees

CLO managers at odds on cov-lite loans
CLO managers are deeply divided on the topic of covenant-lite loans, it emerged at the Creditflux CLO Symposium last week

Structure changes have boosted CLOs, says leading investor
CLOs have performed significantly better during the crisis than an early generation of high yield debt securitisations did during the 2002 default spike

Life expectancy becomes the big issue for CLO valuations
As CLO debt prices have risen to the 70s and higher, buying mezzanine and senior CLOs in the secondary market has increasingly become a bet on how long the bond will be outstanding

Interest rate mismatch has cost European CLOs up to 40bp a year
A mismatch in interest rates has contributed greatly to the underperformance of European CLOs, the Creditflux CLO Symposium heard last week

Strongly performing distressed fund makes debut
Phoenix Investment Adviser-managed JLP Credit Opportunity Fund has been one of the best performing distressed funds in recent months

Newest CLO set for tightest spreads this year, says S&P
Bank of America is set to price a $480.4 million CLO to be managed by PineBridge Investments in the next few days with the tightest spreads this year

Three new CLO offers include all equity investors
New CLOs hit the market as investors wait for news of Citi’s benchmark deal

Citi prices “benchmark” CLO
Citi has priced a new deal which the CLO market expects to set a benchmark for CLO pricing this year.

CDS participants question Lehman's capital raising ability
Washington Mutual on uneasy default territory.

Dublin manager prices new European CLO
Dublin manager prices new European CLO