CLOs

The global structured credit investment firm is pricing its first European deal since opening a London branch last year. It announced the hiring of its first UK-based analyst team Tuesday.

The concentration of loans and CLOs in a small number of banks "may result in pockets of vulnerability," the report stated.

The $354.9 million Battery Park CLO Ltd. is a broadly syndicated loan portfolio that is the first “CLO 2.0” deal sponsored by Goldman Sachs Asset Management (GSAM).

Revisions to S&P's CLO ratings methadology and Kroll's launch into rating European CLOs could challenge Moody's as the first choice for managers across the pond.

The move to an electronic platform may transform auctions to let investors offload holdings faster. The goal is to fix a part of the market that isn’t functioning as well as it could, says a Citi managing director.

Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.

Most regulators are careful to say a repeat of 2008 is unlikely because investors, rather than the banks they oversee, hold most of the debt.

A Moody's report highlights the regional CLO market differences becoming more crucial to global investors who analysts say want to better discern variances in each market's standards and performance.

The U.S. economy is on solid footing except for one potential trouble spot, according to Bank of America Corp.’s Chief Executive Officer Brian Moynihan: leveraged loans -- a business the bank has dominated for a decade.

KKR is sponsoring its first middle-market CLO transaction stemming from its direct lending partnership established last year with FS Investments, according to presale reports.

Unlike Japan’s three so-called megabanks, which are under strict international capital rules because of their importance to the global financial system, many regional lenders have less stringent requirements, giving them more room to have risk assets on their balance sheets.

One of the most active investors in Europe’s CLO market may be about to test the loyalty of the managers that provide it with triple-A paper by asking for a higher spread.

A reincarnated version of collateralized debt obligations, backed by both high-yield bonds and leveraged loans, offers investors some of the best relative-value plays in fixed-income, says a Credit Suisse panelist at IMN's CLO and leveraged loan investors' conference in New York.

The $403.1 million Atlas Senior Loan Fund XIV will have seven classes of notes, as well as a combination securities tranche that will make up all or portions of three subordinate classes.

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.

Japanese lawmakers have also begun grilling government ministers on risks tied to CLOs investments by the biggest buyer, Norinchukin Bank, which has been ramping up purchases of the highest-rated securities.

Brian T. Yorke's duties will include oversight of a newly launched CLO platform for Ostrum's U.S. advisor affiliate.

The growing debate over CLOs is a key part of fund managers’ efforts to reposition as the Federal Reserve signals its intent to keep interest rates on hold for the foreseeable future.

A court victory in favor of plaintiffs could bring chaos to to capital flow for corporates, LSTA argues

CLO managers are again turning to an old tool, the combo note, to attract more investors for deals’ higher-risk equity stakes.