Latest news
Latest news
Market anticipates another record year for new issuance, even as equity returns remain weak
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
More articles
More articles
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Most European collateralized loan obligations will likely wind down by 2015, predicts Standard & Poor’s.
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Standard Chartered Bank expects more issuance from its two public securitization programs, START and Sealane, following the recent execution of its $3 billion Sealane II synthetic collateralized loan obligation, according to Paul Hare, global head of portfolio management at the bank in Singapore.
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Charles Kobayashi, portfolio manager at BlueMountain Capital Management, is viewing the recent selloff in corporate loans as a buying opportunity for collateralized loan obligation managers.
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Rothschild is said to have agreed to acquire Elgin Capital, a manager of collateralized loan obligations, in a deal that will triple the financial advisers European leveraged loans undermanaged to roughly €2 billion ($2.9 billion).
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Eric Schneider, head collateralized loan obligation trader at Morgan Stanley, has left the firm for hedge fund Omega Advisors, according to an official with knowledge of the move.
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Credit Suisse Asset Management has tapped the firm’s investment banking arm to market a new collateralized loan obligation.
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The primary market may have seen new issuance volumes flatline this month, but as we settle into the second half of August, it’d be wholly wrong to characterize the past few weeks as a typically-sleepy securitization summer. -
A motion by WCAS Fraser Investment to spin off about $2 billion in two new collateralized loan obligations from Lehman Brothers’ legacy commercial loan portfolio was approved today by the bankruptcy court.
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Citi Capital Advisors has acquired the management responsibilities four collateralized loan obligations valued at $2 billion from DiMaio Ahmad Capital.
