Collateralised loan obligations
In hunt for yield, US insurers turn to illiquid assets
Mortgage exposures grow 72% in eight years since 2010
Gaps emerge in US plan to regulate non-bank systemic risk
Former regulators say FSOC may struggle to measure systemic risk in repo, loan markets
Insurers’ CLO exposures are small, but growing
US insurer holdings hit $122 billion in Q4 2018
Japanese banks inching away from US CLO market
New rules prevent firms investing in CLOs where originator is not obliged to retain risk
Into the void: Europe’s new but hazy securitisation market
Regulatory vagueness reaches new heights as incomplete rules take effect
Structured product holdings fall at big US dealers
Morgan Stanley's portfolio more than halves in 2018 to $401 million
The funhouse mirror of CLO equity hedges
CLO equity cannot be directly hedged, so people are buying approximations and hoping for the best
If CLO investors flee, defaults could snowball
High yield borrowers relying on a steady stream of leveraged loan issuance that could quickly run dry
UK bank securitisation exposures on the rise
Originate-to-distribute engine revs up
CLO scare: could rated tranches see losses?
Structures are more solid, but loans are dicier, and recovery rates may be disintegrating
US banks shuffle structured product portfolios
Investments classified as available-for-sale drop $8.7 billion across six largest dealers
CLO investors fret as rate hikes loom
Rising default rates could trigger a stampede out of the market
Global banks look for profits in China ABS market
Regulatory change provides opportunity for international firms' structuring skills
Volcker rule CLO postponement will go before House
Bill seeks to give banks until 2019 to dispose of CLO assets
Structured products house of the year: Bank of America Merrill Lynch
Risk Awards 2015: BAML a big player in record year for CLOs
Hedge fund of the year: Napier Park Global Capital
Risk Awards 2015: Credit fund profited from October meltdown
Lawyers tout fixes for CLO risk-retention woes
Affiliates and warehouses could satisfy both US and EU risk-retention rules, lawyers claim
Napier Park finds value in concentrated portfolio of pre-crisis CLOs
In-depth analysis drives performance and picks up underlying quality dispersion
US insurers tap CLO market as banks retreat
Widening spreads lure insurers
Chinese securitisation market risks fragmentation under current dual framework
The existence of multiple rule books may deter issuers and investors in securitisation
Gapstow Opportunity Fund: Gapstow Capital Partners
Americas Awards 2013
Prosiris Global Opportunities Fund: Prosiris Capital Management
Independent thinker
Insurers turn to structured credit in search for yield in Asia
Yielding results