CLO Conference Notes 2022

IF 0.4 Q4 BUSINESS, FINANCE

Journal of Structured Finance Pub Date : 2022-10-31 DOI:10.3905/jsf.2022.1.143

Mark H. Adelson

{"title":"CLO Conference Notes 2022","authors":"Mark H. Adelson","doi":"10.3905/jsf.2022.1.143","DOIUrl":null,"url":null,"abstract":"The 11th Annual Investors’ Conference on CLOs and Leveraged Loans attracted more than 800 market participants and was held on May 23–24, 2022, at the Marriott Marquis hotel in New York City. Key themes at the conference included: 1) the ability of collateralized loan obligation (CLO) managers to deal with evolving conditions, 2) headwinds from inflation, rising interest rates, and the prospect of recession, and 3) the incorporation of environmental, social, and governance (ESG) considerations into CLOs. On the legal/regulatory front, the development that received attention in multiple sessions was the SEC’s proposed rule for private funds. The panels generally conveyed a cautiously optimistic outlook for the CLO sector, but they expect that issuance for 2022 will be below last year’s levels. Sessions Covered Monday, May 23 Sessions KEYNOTE: Economic Outlook for Financial Markets Mark, Set…CLO: Market Recap and Outlook ESG CLOs: Moving from “Sustainable” to “Conscious” Middle Market CLOs and the Role of Private Credit: Where Are We Headed? CLO Manager Roundtable: Fundamentals and Technicals Tuesday, May 24 Sessions Credit Fundamentals: The Leveraged Loan Market Outlook Securing Yield: Investor Strategies and Opportunities across the Capital Stack The Evolving Manager Landscape: Evaluating Manager Tiers and Performance Out of the Mist: Emerging Middle Market Trends “The Price is Right!”: Secondary Market Trading CRE CLOs: Expanding Momentum More than Plain Vanilla: CLO Structural Evolution “What’s up Docs?”: CLO Documentation Trends The Innovation Game: Technology and the Future for CLOs","PeriodicalId":51968,"journal":{"name":"Journal of Structured Finance","volume":"28 1","pages":"54 - 72"},"PeriodicalIF":0.4000,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Structured Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jsf.2022.1.143","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

Abstract

The 11th Annual Investors’ Conference on CLOs and Leveraged Loans attracted more than 800 market participants and was held on May 23–24, 2022, at the Marriott Marquis hotel in New York City. Key themes at the conference included: 1) the ability of collateralized loan obligation (CLO) managers to deal with evolving conditions, 2) headwinds from inflation, rising interest rates, and the prospect of recession, and 3) the incorporation of environmental, social, and governance (ESG) considerations into CLOs. On the legal/regulatory front, the development that received attention in multiple sessions was the SEC’s proposed rule for private funds. The panels generally conveyed a cautiously optimistic outlook for the CLO sector, but they expect that issuance for 2022 will be below last year’s levels. Sessions Covered Monday, May 23 Sessions KEYNOTE: Economic Outlook for Financial Markets Mark, Set…CLO: Market Recap and Outlook ESG CLOs: Moving from “Sustainable” to “Conscious” Middle Market CLOs and the Role of Private Credit: Where Are We Headed? CLO Manager Roundtable: Fundamentals and Technicals Tuesday, May 24 Sessions Credit Fundamentals: The Leveraged Loan Market Outlook Securing Yield: Investor Strategies and Opportunities across the Capital Stack The Evolving Manager Landscape: Evaluating Manager Tiers and Performance Out of the Mist: Emerging Middle Market Trends “The Price is Right!”: Secondary Market Trading CRE CLOs: Expanding Momentum More than Plain Vanilla: CLO Structural Evolution “What’s up Docs?”: CLO Documentation Trends The Innovation Game: Technology and the Future for CLOs

查看原文本刊更多论文

CLO会议纪要2022

第11届CLO和杠杆贷款投资者年会于2022年5月23日至24日在纽约Marriott Marquis酒店举行，吸引了800多名市场参与者。会议的主要主题包括：1）抵押贷款义务（CLO）管理者应对不断变化的条件的能力，2）通货膨胀、利率上升和经济衰退的不利因素，以及3）将环境、社会和治理（ESG）考虑因素纳入CLO。在法律/监管方面，在多个交易日受到关注的事态发展是美国证券交易委员会针对私人基金的拟议规则。这些小组总体上对CLO行业表示了谨慎乐观的前景，但他们预计2022年的发行量将低于去年的水平。会议涵盖5月23日星期一会议要点：金融市场经济展望标志、设定…CLO：市场回顾和展望ESG CLO：从“可持续”转向“有意识”的中间市场CLO和私人信贷的作用：我们的方向是什么？CLO经理圆桌会议：基本面和技术周二，5月24日会议信贷基本面：杠杆贷款市场前景确保收益率：整个资本组合的投资者策略和机会不断变化的经理人格局：评估经理人级别和业绩走出迷雾：新兴的中间市场趋势“价格是正确的！”：二级市场交易CRE CLO：扩张势头超过普通香草：CLO结构性进化“文档怎么了？”：CLO文档趋势创新游戏：CLO的技术和未来

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Structured Finance BUSINESS, FINANCE-

CiteScore

0.60

自引率

25.00%

发文量

期刊介绍： The Journal of Structured Finance (JSF) is the only international, peer-reviewed journal devoted to empirical analysis and practical guidance on structured finance instruments, techniques, and strategies. JSF covers a wide range of topics including credit derivatives and synthetic securitization, secondary trading in the CDO market, securitization in emerging markets, trends in major consumer loan categories, accounting, regulatory, and tax issues in the structured finance industry.