Issue 124 - February 18th
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News Analysis
- CLO Managers
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Time to unite?
Consolidation talk renewed as management fees come under pressure
CLO manager consolidation is once again a hot topic as the current environment makes it increasingly...
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- CLOs
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Concentration risk
Investors prompted to reevaluate portfolio overlap
The marked acceleration in credit quality deterioration so far this year has prompted investors to r...
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- Trading
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Attractive pricing
Secondary loan improvement fails to attract CLO managers
Prices in the secondary leveraged loan market have, on the whole, been on a tightening trend over th...
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- Documentation
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'Big bang' gains momentum
New ISDA supplement expected to bring efficiency and transparency
ISDA circulated a draft of its 'big bang' protocol - through which its new supplement to t...
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- CLO Managers
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News
- LCDS
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DIP facility signals low recoveries for Aleris
Markit LCDX dealers have voted to hold an auction for LCDS transactions referencing Aleris Internati...
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- Regulation
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Merrill bonus investigation gathers pace
New York Attorney General Andrew Cuomo has written to Barney Frank, Chairman of the House Committee...
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- LCDS
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Provider Profile
- Trading
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Unbundling real estate finance
Vlad Krutik, ceo of International Real Estate Securities Exchange (IRESE), answers SCI's questions
Vlad Krutik Q: How and when did your firm become involved in the structu...
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- Trading
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Job Swaps
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Manager hires structured credit veteran
The latest company and people moves
Prytania Investment Advisors has hired Paul Levy as a partner, as the firm expands the scope of risk...
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News Round-up
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Credit Derivatives Definitions gain clarity
A round up of this week's structured credit news
Further details emerged last week about the proposed supplement to the 2003 ISDA Credit Derivatives...
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Research Notes
- CLOs
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CLO EOD language: relative value implications
Chris Flanagan, head of global structured finance research at JPMorgan, finds that variations across...
We first tackled the question of CLO event of default (EOD) probability and severity back in Septemb...
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- Trading
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Trading ideas: cow bell sounds
Byron Douglass, senior research analyst at Credit Derivatives Research, looks at an outright short o...
The outlook for the media sector looks dimmer and dimmer by the day. With advertising companies arou...
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- CLOs
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