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Octagon Credit Investors is sending letters to shareholders urging them to resist efforts to have it removed as the day-to-day manager for the XAI Floating Rate & Alternative Income Trust, a CLO closed-end fund.
July 13
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First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
July 13
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Nearwater Capital alums join competitors to service the financing industry niche, which will include CLOs sold to European investors.
July 1
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All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
June 17
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The construction and building sector raises the most concern, but issues should remain manageable.
June 12
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Hansen will oversee all the firm's finance and operations.
June 3
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New CLO entrants surge this year, especially in Europe where the arbitrage is attractive.
May 28
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The market for so-called collateralized fund obligations could top $30 billion of new volume this year, up 50% from last year.
May 21
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Also, spreads on broadly syndicated loan and middle-market CLOs widened for the second month.
May 18
