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Subordinated CLO management fee waived
New Amsterdam Capital Management has entered into a deed of waiver relating to the subordinated coll...
Job Swaps 2 December 2009 -
CLO managers' collateral purchases/sales assessed
So far in 2009, S&P-rated US CLO managers have made gross purchases amounting to approximate...
News Round-up 2 December 2009 -
Upgrades, downgrades for CLO after asset sales
Moody's has upgraded the Class A-1, A-2, B and C notes of Marathon CLO I, reflecting the significant...
News Round-up 2 December 2009 -
Cash versus synthetic
CLO-LCDX relative value analysed
As cash CLOs continue their tightening trend in the secondary market - particularly in sen...
News Analysis 25 November 2009 -
CLO management agreement amended
New York Life Investment Management has amended the collateral management agreement of NYLIM Flatiro...
Job Swaps 25 November 2009 -
CLO buyback cuts exposure by half
Newfoundland CLO I has entered into a supplemental trust deed with the rest of the transaction parti...
News Round-up 25 November 2009 -
US CLO exposure to Simmons reviewed
68 S&P-rated CLOs across 34 collateral managers have exposure to Simmons, some of which have...
News Round-up 25 November 2009 -
Spanish SME CLOs remain under pressure
Adverse economic conditions are continuing to weigh on asset performance in Spanish SME CLOs, despit...
News Round-up 25 November 2009 -
Fund first investor in Indian MFI CLO segment
A recent micro-loan securitisation completed by IFMR Capital and Equitas Micro Finance (see SCI issu...
News Round-up 25 November 2009 -
Analysis of CLO reinvestments gains importance
With CLO triple-As pricing firmly in the high-80s to low-90s region, the market appears to have swit...
News Round-up 25 November 2009 -
Tightening triple-A spreads key to new issue
Structured credit strategists at Citi find that triple-A demand is key to making new issue CLOs work
With most of the financing of a CLO being present in the triple-A tranche, the spread at which CLO t...
Research Notes 25 November 2009 -
Broker appoints CLO sales and trading heads
Broadpoint Capital has hired four senior professionals: Fred Engel, Philip Orenstein, Peter Carril a...
Job Swaps 18 November 2009 -
Synthetic CLO's exposure reduced
The swap agreement between the counterparty in the Pro Rata Funding synthetic CLO and Citibank has b...
News Round-up 18 November 2009 -
Claris CLNs repurchased
SG has repurchased €10m CLNs from each of two transactions issued via its Claris vehicle &...
News Round-up 18 November 2009 -
Restructured MV CLO hits the wall
Moody's has withdrawn its ratings on Confluent Senior Loans Opportunities - a transaction...
News Round-up 18 November 2009 -
CLO manager consolidation continues
Tetragon Financial Group (TFG) has entered into a definitive agreement with Calyon and certain of it...
Job Swaps 18 November 2009