Moody's Investors Services top rankings of U.S. CLO managers still includes many familiar names, but the usual suspects lost market share in the fourth quarter of 2014 to some medium-sized managers.

In Moody’s monthly CLO Interest report, released Thursday, the market share for the top 10 U.S. managers fell to 30%, down from 34% a year earlier. The major driver was the pickup in issuance by mid-size asset management firms, with those outside the top 10 in volume (and with five or more CLOs in their portfolios) now accounting for 53% of outstanding CLOs, compared with only 45% a year earlier.

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