CLOs

  • Lack of CLO ratings transparency damages credibility

    Lack of CLO ratings transparency damages credibility

    Rating agency reviews of CLOs are not resulting in mass downgrades in Europe. That has caused some to question what is going on given the damage the coronavirus pandemic and lockdowns must surely have had on certain sectors of the economy that some CLOs are exposed to. Some transparency around ratings metrics would help soothe the angst.

  • Janus Henderson launches triple-A CLO ETF

    Janus Henderson launches triple-A CLO ETF

    Janus Henderson is planning an exchange traded fund (ETF) that will invest in the safest tranches of CLOs, according to a filing with the Securities and Exchange Commission.

  • European CLOs weathering downgrade risk

    European CLOs weathering downgrade risk

    Rating agency reviews of CLO tranches which began in April are coming to an end, with the majority keeping their scores in early signals that the sector may avoid a mass of downgrades.

  • New LA-based asset manager acquires CLO contract

    New LA-based asset manager acquires CLO contract

    Ducenta Squared Asset Management recently obtained the management contract for a CLO managed by Tortoise Credit Strategies, a firm that Ducenta acquired in April, according to a source familiar with the purchase.

  • People moves in brief

    People moves in brief

    Palmer gets interim ECM head gig at BofA — Clarke to join JP Morgan for FIG — Paz-Galindo promoted at UBS

  • Roster of CLO managers thins as Covid reshapes space

    Roster of CLO managers thins as Covid reshapes space

    The number of new managers entering the CLO market has dwindled in 2020 as a result of the pandemic crisis, interrupting years of growth that peaked with an average of 10 new managers a year since 2017.

  • European CLO primary set for slowdown, says Investcorp

    European CLO primary set for slowdown, says Investcorp

    The European CLO summer slowdown is set to persist into autumn as pre-Covid warehouses run dry, and CLO 3.0 structures take time to mature, according to Investcorp, which has closed two euro CLOs in 2020 to bring its total European CLO assets under management to more than €7bn.

  • Palmer Square to bring static CLOs to Europe

    Palmer Square to bring static CLOs to Europe

    Kansas-based investment manager Palmer Square Capital Management is planning to issue two static CLOs in Europe this year, broadening the reach of a strategy that the manager has had success with in the US.

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