1 march

UN PRI finds bar is low for ESG CLOs

16 March

MidOcean employs rare and unusual CLO tranche structure

MidOcean Credit reset a 2016 US CLO via Jefferies and, in the process, came up with an unusual structure for mezz tranches. Single A notes, for example, came in blended senior and junior formats.

3 march

CLO trading head leaves Wells Fargo

Sergei Zagin has parted ways with Wells Fargo after 18 years. Zagin, who was the bank’s global head of CLO and ABS trading, is understood to have left on good terms and is semi-retired.

5 march

Former MKP CLO tranche investor lands at Brigade

8 march

BofA emerges as big buyer of CLO loan tranches

8 march

Copenhagen’s Capital Four expands to US

MidOcean’s Jim Wiant joins Capital Four to spearhead the firm’s push into US CLOs.

10 march

Big US firm steps up as European loan triple A CLO buyer

State Street follows BofA’s lead and buys loan CLO tranches in Europe. It says it will look at US deals in 2021.

8 march

Bardin Hill sells European CLO business to HPS

Bardin Hill’s head of European CLOs David Snyder is understood to be retiring and HPS will offer jobs to three Bardin Hill CLO analysts.

10 march

European direct lender scopes out possibility of CLO management

Europe’s CLO market could welcome another entrant with direct lender Pemberton the latest firm exploring the possibility of managing CLOs, according to several sources.

17 march

Head of alternative credit among Pimco’s new managing director cohort

18 march

CSAM names new CEO and splits from wealth management arm

Credit Suisse has moved to separate its asset management business from its wealth management division amid fallout from the collapse of supply chain funds group Greensill Capital. Ex-UBS official Ulrich Körner joins as CEO of asset management.