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“Never confuse motion with action.”― Benjamin Franklin. Thoughts On CLO Arbitrage — Safety Margin How much net collateral interest margin is...

Repayments rated CLO debt repayment rates could act as a manager differentiator Manager differentiation has become ever more important as...

SCI Article - Missing Piece : Lack of equity investors holding back CLO growth The CLO primary market is fully...

“In the world of business, the people who are most successful are those who are doing what they love.”  Warren...

Intelligent people make decisions based on opportunity costs. —Charlie Munger CCC/Caa - To Sell, Or Not To Sell, That Is...

“The goal is to turn data into information and information into insight.” – Carly Fiorina, former executive, president, and chair...

"You must look at facts because they look at you." – Winston Churchill Below is a list of some commonly...

How Quickly Would AAA Be Paid Down Upon OC Test Breach? Based on a sample size of 95 global CLO...

Subordinated management fees would be deferred if CLO deals breached their OC tests. The latest count of deals with OC...

CLO manager scrutiny is growing just as market conditions make their job harder. Nevertheless, differentiation is set to accelerate as...

We are in for a long haul apparently. Please see round one below- Disclaimers The information, research, data, research related...

Believe some CLO managers are straining every sinew and doing whatever it takes to avoid breaching the OC tests. In...

The relationship between the pricing of CLO tranches and the loan market can be an intimate one. CLO tranches trade on the back of the...

Determining Top-Tier CLO Managers Managing collateralised loan obligations (CLOs) is not an easy task. We all know that credit has many downsides...

During the 2008 financial crisis, senior CLO tranches demonstrated very high resilience and weathered the storm well. At the height...