Tue, Feb 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

DoubleLine signs on to CLO technology

Wednesday, May 28, 2014

Bailey McCann, Opalesque New York:

As the interest in CLOs continues unabated, Jeffrey Gundlach's $50+bn fixed income shop DoubLine Capital is signing on with Vichara's V*CLO platform for analysis of collateralized loan obligations (CLOs) and their underlying collateral pools.

CLO's have seen chart topping post-crisis growth in recent weeks. U.S. CLO issuance in April hit $11.8bn the the largest monthly total since the crash according to data from S&P Capital IQ/LCD. April brings total collateralized loan obligation issuance for the year to $34.5bn, ahead of the $30.2bn this time last year.

Bloomberg reported late last week that Onex Corporation raised a record breaking $1bn collateralized loan obligation, the largest fund raised in the U.S. this year. Taken together the news of DoubleLine's interest in ramping up CLO IT shouldn't be too much of a surprise. In a statement DoubleLine said they were impressed by the level of customization offered by Vichara's platform. DoubleLine also noted in its most recent commentary that it would be increasing its allocations to floating rate bank loans.

CLOs typically have a lower default rate than CDO's which make them appealing to investors despite recent increased regulatory scrutiny on the products. The Onex CLO for example, was a Triple-A tranche, coming i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  3. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully

  4. Investing - Hedge funds hook shipping stocks grappling for recovery, Small cap hedge funds offer alternative for cannabis investing, Top stock-picking hedge funds love gaming, health care and media shares, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter[more]

    Hedge funds hook shipping stocks grappling for recovery From Hellenicshippingnews.com: Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial f

  5. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu