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Strong portfolio management required
Approximately US$148bn of CLOs was issued across 93 different managers during a very stable credit e...
News Round-up 26 February 2014 -
Spanish sovereign ceiling lifted
Moody's has raised the maximum achievable rating for Spanish structured finance transactions to A1 f...
News Round-up 26 February 2014 -
CLO vet joins broker
Mario Verna has joined Guggenheim Partners in New York as an md in CLO banking. He was previously at...
Job Swaps 25 February 2014 -
TRACE reprieve for CDOs, CMBS
FINRA will exclude CDOs, CBOs, CLOs and non-agency CMBS from its proposal to expand TRACE's coverage...
News Round-up 25 February 2014 -
Data transparency offered
Moody's Analytics has launched a new Structured Finance Portal that is designed to provide enhanced...
News Round-up 24 February 2014 -
Key man replacements made
Investec Bank has issued key person replacement notices for the Gresham Capital CLO I, II, III, IV a...
Job Swaps 20 February 2014 -
Euro CLO equity in demand
European CLO investors are becoming increasingly competitive in their search for yield. Equity piece...
Market Reports 19 February 2014 -
MSHDA case to set precedent?
The Lehman bankruptcy court in December applied the US Bankruptcy Code's safe harbour for swaps in d...
News Round-up 18 February 2014 -
CLO refinancing options examined
Moody's notes in its latest CLO Interest publication that more refinancing options have become avail...
News Round-up 18 February 2014 -
GSO/Blackstone tops manager rankings
Moody's top-10 CLO manager rankings in the US, Europe and globally have changed little since 2012, d...
News Round-up 18 February 2014 -
Euro ramp-up risk overdone
European CLO managers do not appear to have found it difficult to ramp up their portfolios, with mos...
News Round-up 18 February 2014 -
Vivarte exposure eyed
French retailer Vivarte last week suspended payments on €2.8bn of buyout debt while it neg...
News Round-up 18 February 2014 -
CLO issuance forecast revised
JPMorgan has revised its downside forecast for US CLO issuance in 2014 to US$38bn, or 42% lower than...
News Round-up 17 February 2014 -
CIFC hires for middle-market
CIFC Asset Management has appointed Peter McLaughlin as md in New York to strengthen its middle-mark...
Job Swaps 17 February 2014 -
Euro CLO collateral evolves
Last year saw 21 European CLOs price and several of those deals have now passed their effective date...
News 14 February 2014 -
Best practices
Noteholder communications, technology and clearing systems discussed
Participants in SCI's latest corporate trust roundtable met in December to discuss post-closing best...
News Analysis 13 February 2014