Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
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The European Banking Authority has published a discussion paper looking to harmonise the supervision of risk transfer in securitization across the EU.
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Investors were finally offered a crack at new European CLOs this week, with offerings priced from Tikehau Capital and Accunia. -
CLO investors highlighted the importance of working with the right manager, as well as keeping a close eye on sector risks, in panel discussions at ABS East in Miami on Monday.
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CLO investors highlighted the importance of working with the right manager, as well as keeping a close eye on sector risks, in panel discussions at ABS East in Miami on Monday.
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The headline panel on day two of ABS East on Monday kicked off with a wide ranging discussion on deregulation in the Trump era, with congressman Andy Barr (R-KY) telling ABS market participants to expect another push for a “qualified” CLO and a reining in of the powers of the Consumer Financial Protection Bureau (CFPB).
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Regulatory concerns are a perennial topic of discussion at securitization conferences, but at ABS East in Miami this week it’s different: with some analysts predicting CLO volumes could challenge the record breaking 2014 figures, it’s the potential rollback, rather than rollout, of regulation that is prompting discussions.
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Healthcare of Ontario Pension Plan has invested $300m in a new partnership with US CLO manager CIFC, which will finance the risk retention requirements for a potential $7.5bn of future CLOs.
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Asset management firm Post Advisory Group said on Tuesday that it will build a US CLO management business, to be led by the former head of Alcentra’s US loan business, as deal volumes race past last year’s figures.
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A fifth straight week of outflows from leveraged loan funds and a slowdown in CLO refinancing activity could further boost the new issue CLO market, which enjoyed its second busiest month of the year so far in August.
