Top stories on creditflux.com: from a key investor leaving to a pipeline growing plump
17 january
Sound Point and Assured hold BlueMountain CLO merger talks
Sound Point Capital Management, the 13th-largest manager globally, could become the fifth largest if talks with Assured about taking on its BlueMountain CLOs come to fruition.
Sound Point has $21.51 billion under management, but a deal with Assured could boost this to $36.27 billion.
Sound Point was founded by Steve Ketchum in 2008 and launched its first CLO in 2012
4 january
Head of CLO investing leaves Oxford Funds
Debdeep Maji, one of the most well-known control CLO equity investors in the business, has left after 16 years.
4 january
CVC plots more quasi-European CLOs
CVC closes a landmark €400 million deal that will draw on capital as and when the manager finds assets.
6 january
BofA Euro CLO trading head shifts focus to US
Andrew Goldstone is now a US CLO trader at BofA, with Malek Letaief replacing him as European CLO trading head.
9 january
Bain promotes European CLO PM to partner
Head of European structured and liquid credit Gauthier Reymondier is named partner. He joined in 2008.
9 january
US CLO league tables: BofA beats Citi to top spot in new issues
Bank of America topped the 2022 US new issue league tables, edging out Citi. Blackstone led among CLO managers, with $6.55bn of new deals.
12 january
Mizuho’s head of US CLOs leaves
Jim Stehli has left Mizuho, where he also served as head of securitised products trading. Stehli joined in 2014 to establish the bank’s CLO business. Ex-Barclays trader Sam Oher is understood to have taken on his responsibilities.
11 january
New-look Marathon changes CLO style as Lau becomes portfolio manager
Karen Lau is the new portfolio manager for Marathon CLOs, and the firm is adopting a more conservative approach to CLO management.
13 january
Bank hires global head of securitised products trading
Ex-Deutsche Bank European CLO trader John Parker is to join Standard Chartered.
19 january
30 European managers aim to print in Q1
Canyon, M&G and Signal are among the debutants in the European CLO pipeline.
20 january
Former Zais portfolio manager joins Sancus
Vincent Ingato has resurfaced, landing at Sancus as head of CLO business development and a portfolio manager. Ingato is known for putting together high-spread CLO portfolios.
20 january
Senior CLO investor lands at fintech Revolut
Vedanta Bagchi has landed at growing fintech Revolut as head of global structured credit after leaving his CLO triple A-buying role at Commerzbank.