Q&A: Joe Moroney, Apollo Global Management

moroney
By Will Caiger-Smith
26 Jun 2014

Earlier this month, Apollo Global Management — which picked up the Best CLO Manager award at GlobalCapital’s Securitization Milestones Awards last week — priced the largest CLO since the financial crisis. Joe Moroney, senior portfolio manager at Apollo in New York, caught up with GlobalCapital to discuss the issues affecting the market and explain why spreads will not tighten without regulatory resolutions.

A couple of weeks ago, Apollo priced the largest CLO since the credit crisis — a $1.45bn deal. What is the story behind the size of that transaction?

We believe it is widely known in the market that we did some very large trades and made some sizeable ...

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