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• US BSL CLO double-B tranche covers range widely amid MVOC dispersion

  Poh-Heng Tan from CLO Research shares insignts into US BSL CLO double-B tranches

  US BSL CLO double-B tranches traded yesterday with cover bids ranging from 496 DM to 1,000 DM, according to SCI's BWIC data. Two 2021 vintage bonds—BATLN 2021-22A E and OCT53 2021-1A E—cleared at wide levels due to poor...

• Agency mortgage paper looks good, says new report

  Asset manager spotlights unusually attractive risk profile for MBS

  Agency MBS, historically something of a niche investment, currently offer good returns versus investment grade (IG) paper in addition to low prepayment risk, according to a new report by global asset manager Janus Henderson. In the face of much glo...

• SCI In Conversation Podcast: Scott Frame, Bank Policy Institute

  We discuss the hottest topics in securitisation today...

  In this episode of SCI In Conversation, Scott Frame, senior vice president and deputy head of research, at the Bank Policy Institute in Washington DC, talks to US editor Simon Boughey about how post-GFC regulation capped growth in the securitisation...

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• Forward flow appetite grows in real estate ABF

  LibreMax backs Legacy with US$180m ABF facility amid surge in real estate forward flows

  As real estate lenders seek deeper institutional partnerships to scale short-term credit platforms, structured credit investors are increasingly stepping in with tailored ABF funding. LibreMax Capital’s US$180m facility with Legacy Group Ca...

• EC proposes 'serious' adjustments to the CRR and SecReg

  Leaked drafts point towards 'consistent and predictable' SRT framework

  This week, two draft documents from the European Commission (EC) regarding proposed adjustments to the CRR and Securitisation Regulation were leaked. The picture that has emerged thus far is largely positive. Nevertheless, market sources warn that th...

• Muzinich & Co launches European CLO business, building on US track record with Eagle Point

  New initiative aims to replicate US success with regular issuance, conservative credit strategy, and...

  Muzinich & Co has today announced the expansion of its CLO platform into Europe, by continuing its strategic partnership with Eagle Point Credit Management, a specialist in CLO equity and private credit strategies. The expansion marks the l...

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• Crayhill eyes expansion after closing US$1.3bn ABF fund

  ABF platform to scale with fresh capital and a growing pipeline as insurers fuel demand amid annuity...

  Crayhill Capital Management is seeking to expand its horizons after closing its third ABF fund at US$1.31bn last month, including US$162m in co-invest commitments. The close marks a major milestone amid rising insurer demand for long-duration, yield-...

• Setting the scene

  Ahead of her panel appearance at FT Live Fixed Income Events' Global ABS in Barcelona next month, Sa...

   Q: The Global ABS Conference is just around the corner – which SRT topics or panels are you most looking forward to?    A: We are always interested in asset classes experiencing significant growth, suc...

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• Reed Smith builds structured finance practice

  New partner to spearhead push in esoterics and others

  Reed Smith recruited Jeffrey Stern as a partner in its Financial Industry Group, based in New York, last July and his hire is part of a broader push to position the firm as one of the leading structured finance practice. “In a couple of y...

• Job swaps weekly: Lane42 names senior execs for new strategy launch

  People moves and key promotions in securitisation

  This week’s roundup of securitisation job swaps sees Lane42 Investment Partners naming six senior executives to spearhead the launch of its capital opportunities investment strategy. Elsewhere, K&L Gates has promoted a structured fi...