CLOs

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.

The carrier, through CLO management affiliate Park Avenue Institutional Investors, is bringing total AUM in senior loans to $1.65 billion.