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Leveraged loan negative credit migration hits CLOs
Fitch says that the performance of European CLOs has recently suffered from a rapid negative credit...
News Round-up 20 May 2009 -
Euro CLOs at risk of undercollateralisation EODs
Fitch says that some European CLO transactions may be susceptible to undercollateralisation event of...
News Round-up 20 May 2009 -
... while another Permacap's NAV drops
Carador reports that, at the close of business on 30 April 2009, the unaudited NAV per share were &a...
Job Swaps 20 May 2009 -
Slight improvement for Volta ...
Volta Finance has published its April monthly report. As of the end of April 2009, the gross asset v...
Job Swaps 20 May 2009 -
CLO manager in CDPC move
Jerry Donohue is rumoured to have joined CDPC Channel Capital Advisors. Donohue was previously md at...
Job Swaps 20 May 2009 -
New manager for middle market CLO
Pangaea Asset Management is being tipped to become replacement CLO manager for De Meer Middle Market...
Job Swaps 13 May 2009 -
CLO manager fees plummet
Deerfield Capital Management noted a 30% drop in its investment advisory fees in its Q109 results. T...
Job Swaps 13 May 2009 -
More CLOs on watch
S&P has put 199 tranches from 126 US cashflow CDOs on credit watch negative and three tranch...
News Round-up 13 May 2009 -
CLO managers chase DIP-financed names
CLO managers are choosing to remove defaulted names from their portfolios or reduce exposure partial...
News 13 May 2009 -
Triple-A CLO overweight recommended
Indicative secondary triple-A CLO spreads widened to 800bp last week, according to JPMorgan structur...
News Round-up 13 May 2009 -
ELCF I restructured
European Loan Credit Fund I (ECLF I) noteholders have agreed to a number of amendments to the transa...
News Round-up 13 May 2009 -
Greek CLO closed
Piraeus Bank has closed a €900m CLO. Axia II Finance has a €459m senior note, ra...
News Round-up 13 May 2009 -
CLO EOD probabilities updated
Structured credit strategists at JPMorgan have updated their CLO event of default (EOD) probabilitie...
News 6 May 2009 -
Whistlejacket liquidated
Encouraging bids, but too early to draw conclusions
A portion of assets from Standard Chartered's defunct SIV, Whistlejacket, was auctioned last week an...
News Analysis 6 May 2009 -
Japanese CDS CCP under consideration
A round up of this week's structured credit news
Tokyo Financial Exchange (TFX) has released the results of its study on establishing a CCP for OTC d...
News Round-up 22 April 2009 -
Boutique adds four for trading group
The latest company and people moves
Maxim Group has appointed four fixed income veterans to bolster its structured credit sales &...
Job Swaps 22 April 2009