CDOs

CLO manager CIFC Corp. is tackling the impending risk retention rule head on by raising its own capital.

After declining in each of the three previous months, issuance of U.S. collateralized loan obligations picked up in October to $8 billion, its highest level since June, according to Thomson Reuters LPC.

Barclays and JPMorgan are both forecasting a decline in issuance of collateralized loan obligations next year, citing a variety of regulatory and market headwinds tamping down demand for the securities.

Joseph Wilson Jr. has joined Golub Capital help expand the credit asset manager’s existing distribution capabilities.

Commercial real estate lender Hunt Mortgage Group has hired Amy Shah to build and launch a collateralized loan obligations platform.

Valeant Pharmaceuticals, which has come under pressure for both its accounting and business practices, is the single largest holding in U.S. collateralized loan obligations, according to Deutsche Bank.

Robert Klein has left his role as lead portfolio manager for Prospect Capital Management’s CLO platform to oversee the structured products portfolios at CIFC Corp.

LCM Asset Management is marketing its third collateralized loan obligation of the year, according to Fitch Ratings.

Issuance of U.S. collateralized loan obligations fell again in September, amounting to $4.9 billion, according to Thomson Reuters LPC.

Bank of America is getting some more mileage out of its Supreme Court victory in June.

Expect less anxiety about impending regulations and more talk about deteriorating credit quality when securitization market participants convene in Miami next week.

Joshua Baumgarten will leave The Blackstone Group in 2016 for Angelo, Gordon & Co. where he has been named head of credit.

Issuance of European CLOs is running ahead of last year’s pace, and analysts at Bank of America expect this to continue, despite a recent drop in the origination of new loans.

Steven Noreika has been named chief financial officer at Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), replacing Richard Petrocelli.

Moody’s Investors Service today put out a report saying that listing Chinese collateralized loan obligations on local stock exchanges would be a boon to bank issuers.

Bank of America scored a legal victory this week for all holders of second liens when the Supreme Court ruled that bankruptcy courts cannot void a second mortgage because it exceeds the value of the home.

The Supreme Court has ruled that bankruptcy courts cannot void a second lien because it exceeds the value of the collateral.

It’s not clear how much capital European insurers will need to hold against their investments in U.S. securitizations or whether they can even invest in some of these deals at all.