Thursday, 28 August 2014
Last updated 13 hours ago
Sep 5 2012 | 10:28am ET
Charlotte, N.C.-based Babson Capital Management has added $400 million in assets to its structured credit portfolio with the closing of its latest collateralized loan obligation.
The Babson CLO Ltd. 2012-II follows its $350 million predecessor which closed earlier this year and brings the firm’s total number of collateralized debt obligations (including CLOs) to 53, representing $17.9 billion in AUM as of June 30, 2012.
“In the wake of the global financial crisis, investors have gained a greater appreciation for the yield, safety and stability that CLOs offer, and their confidence is reflected in the resurgence of new CLO issuance this year,” said Russell Morrison, managing director and head of high-yield investments for Babson Capital, in a statement. “The crisis also allowed investors to see more clearly than ever the critical difference collateral managers make in the performance of a CLO.”
As with the earlier CLO, Babson CLO Ltd. 2012-II consists primarily of corporate senior secured loans with a small amount of second-lien loans and high-yield bonds.
The transaction was arranged by Citigroup.
Babson Capital is a global investment management firm with $149 billion in assets under management.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...