The consensus among managers who attended the CLO conference in Las Vegas last week is that January’s slow start may be a sign of soft CLO volume in 2014. As of Jan. 30, five managers have printed vehicles worth $1.9 billion (excluding repricing deals such as Apollo’s ALM V), the lowest monthly total in 23 months.
CLO issuance off to flat-footed start as managers say 2014 could be slow
Market pros see leveraged loan default rate holding at low levels
S&P: BBB downgrade risks in Europe look manageable
As specter of rate cuts grows, investors retreat from leveraged loan asset class
Retail investors flock to US high yield bond funds with $1.8B inflow