Edition:
India

Kristen Haunss

CLO managers face hurdles as they try to adjust Libor language in refinancings

11 Oct 2019

NEW YORK, Oct 11 (LPC) - As the clock continues to tick closer to the end of a benchmark trillions of dollars of investments rely on, some US Collateralized Loan Obligation (CLO) managers are trying to proactively encourage all fund investors to agree on a path forward.

CLO Libor fallback language proposal fails as investor balks at change

08 Oct 2019

NEW YORK, October 8 (LPC) - An investor has kept a US Collateralized Loan Obligation (CLO) from fully adopting Libor fallback language, ahead of the demise of the benchmark in 2021.

US Senator Warren presses SEC on credit ratings

27 Sep 2019

NEW YORK, Sept 27 (LPC) - US Senator Elizabeth Warren expressed concerns about credit ratings, specifically those for loan securitizations, worried a top US regulator is not doing enough to ensure the independence of the process.

CLO market divided on Fed-approved Libor alternative language

13 Sep 2019

NEW YORK, Sept 13 (LPC) - A debate has been brewing in the US Collateralized Loan Obligation (CLO) market as some investors and managers push back on regulatory recommendations for how best to transition from a benchmark trillions of dollars of investments rely on.

MOVES-GreensLedge hires Natcharian and Yaworsky for structured credit

04 Sep 2019

NEW YORK, Sept 4 (LPC) - GreensLedge Asset Management has hired Matthew Natcharian and Derek Yaworsky to lead structured credit investing, the firm announced Wednesday.

Wide spreads and a hunt for higher-rated credits strain CLO equity

29 Aug 2019

NEW YORK, Aug 28 (LPC) - US Collateralized Loan Obligation (CLO) spreads widened for the third straight month amid falling interest rates, global market volatility and a year of strong issuance, which is weighing on returns to the funds’ most junior investors.

Loan investors ask for higher minimum returns as Libor falls

09 Aug 2019

NEW YORK, Aug 9 (LPC) - Investors are seeking additional protection in volatile credit markets by asking companies to increase guaranteed minimum returns on leveraged loans, as fears grow that falling US interest rates could drag Libor lower, hitting their returns.

MOVES- Redding Ridge said to hire D’Angelo as CLO portfolio manager

08 Aug 2019

NEW YORK, Aug 7 (LPC) - - Redding Ridge Asset Management has hired John D’Angelo as a Collateralized Loan Obligation (CLO) portfolio manager, according to sources.

US fund managers grapple with socially responsible investing

02 Aug 2019

NEW YORK, Aug 2 (LPC) - Asset managers are increasingly making sustainable investment decisions that reflect their own corporate values and those of their investors, but are still under pressure to deliver competitive returns as the market continues to develop and implement environmentally friendly principles.

MOVES- Deutsche Bank’s Cottrell to oversee securitized products trading

31 Jul 2019

July 31 - Deutsche Bank’s Sebastien Cottrell has assumed responsibility for securitized products trading globally following the announced departure of John Hanisch, according to a source.

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