Top stories on creditflux.com: from contract acquisitions to derivatives experts’ moves
8 april
Creditflux announces finalists for CLO Manager Awards
The biggest CLO awards are back in their familiar May slot for the first time since 2019. Brigade, Carlyle, CBAM, First Eagle and Octagon are vying for the best new US CLO trophy, while AlbaCore, Apollo, Cairn, Sculptor and Spire contend for best new European CLO.
More than 90 managers submitted CLOs for consideration in our biggest ever awards ceremony, which is set to be staged on 10 May at London’s Landmark Hotel.
1 april
CLOs retreat to Libor as Sofr gets cancelled
Cancel culture has arrived in the CLO market, with newly implemented benchmark Sofr scrapped after it “made managers feel sad”. #checkthedate.
1 april
Trinitas scoops up Carlson CLOs
This one’s no joke: Trinitas buys yet more CLO contracts after taking over MacKay Shields’ CLOs a couple of months ago.
5 april
Vida hires head of structured credit
Peter Polanskyj is livin’ la Vida after leaving his post as head of US CLOs at Sculptor Capital Management. Polanskyj is also a derivatives specialist, having invested in CSOs previously.
6 april
CLO head joins Columbia after Carlson exits CLOs
Stanton Ray led Carlson’s CLO business, but after that was offloaded to Trinitas (1 April), he switched to Columbia Threadneedle Investments.
7 april
Blackstone lands leading structured credit figure
Zaheen Mir, the former head of global institutional structuring at JP Morgan, is moving to the buy side to structure deals and work on various financings.
12 april
Citi loses top derivatives strategist to buy side
Hudson Bay Capital has hired Citi’s head of global credit derivatives strategy, Yodsadhorn (Calvin) Vinitwatanakhun.
8 april
US Bank looks to deploy billions into CLO triple As
US Bank’s head of fixed income and capital markets Stephen Philipson tells us the firm is eyeing loan CLO triple A tranches.
13 april
Trade finance specialist sentenced
David Hu, former chief investment officer of International Investment Group, has been sentenced to 12 years in prison for his role in a “Ponzi-like scheme”, which included using a CLO to create fraudulent loans.
14 april
Prytania CLO and ABS investor lands at pension
Colin Behar has moved to USS Investment Management, an arm of the Universities Superannuation Scheme.
20 april
Chorus reaches crescendo with SRT hire
Chorus Capital hires Juan Grana, who recently worked at ArrowMark, where he helped establish a London office.
20 april
CSAM launches reset of 2020 European CLO
CLO primary has slowed as spreads widened, but CSAM has found a reset window.
22 april
Former JP Morgan CLO buyer joins Fortress
Jonathan Horowitz is appointed head of structured liabilities.
26 april
Winton drafts in well-known synthetics investor
Credit trader Laurent Henrio was at Squarepoint Capital.