• 08:00

    Registration & Breakfast

  • 09:00

    Welcome & European CLO snapshot

    LIVE-STREAMED

  • 09:15

    Panel: European CLO outlook

    LIVE-STREAMED

    European CLOs have had a (relatively) good crisis so far, with far fewer OC test breaches than their US counterparts, and a steady stream of new issuance. This panel explores the outperformance so far and whether that will continue in the future, as well as subjects like frequency switches and new managers coming to the market.

  • 10:00

    Presentation: Academic angle

    ON-DEMAND RECORDING AVAILABLE FROM SEPTEMBER 9

  • 10:15

    Panel: Making ESG work for the CLO market

    LIVE-STREAMED

    The use of ESG criteria in making investment decisions has moved from a niche concern to a mainstream issue with astonishing speed, and the pandemic has made these discussions all the more timely. But there are many still unsolved challenges for fixed income investors and managers, particularly around ESG reporting and market standards, and those issues are compounded for CLOs. How important is ESG for CLO investors, what are the practical challenges for managers looking to comply and what steps is the industry taking to fix this?

  • 11:00

    Refreshment break

  • 11:30

    Fireside Chat: TBC

    ON-DEMAND RECORDING AVAILABLE FROM SEPTEMBER 9

  • 12:00

    Panel: Allocating to CLOs

    ON-DEMAND RECORDING AVAILABLE FROM SEPTEMBER 9

    A lot has changed since last year when we last asked LPs what they thought of structured credit, and CLOs. We ask our panel of expert allocators if structured credit in general, and CLOs in particular, still fit into their portfolios. How are they dealing with the complexities of the asset class where the most detailed nuance can mean the difference between interest payments being made or diverted? And has their approach to manager selection been changed by their experience this year?

  • 13:00

    Lunch

  • 14:00

    Welcome & US CLO snapshot

    LIVE-STREAMED

  • 14:15

    Panel: US CLO outlook

    LIVE-STREAMED

    Six months into this new era we take stock of the state of the US CLO market, pondering issues from new issue prospects to the likelihood of par losses for CLO 2.0 investors, with a detour through manager consolidation. Helping us discuss these topics and more are some of the markets best known figures as we consider the (recent) past, present and future of US CLOs.

  • 15:00

    Fireside chat: Dispatches from the CLO trenches

    ON-DEMAND RECORDING AVAILABLE FROM SEPTEMBER 9

    Two of the top lawyers in the market sit down with Creditflux to discuss what they’ve been seeing recently. What new features are making it to the table, and what are investors pushing back on in the docs this month?

  • 15:15

    Panel: What will CLO 3.0 look like?

    LIVE-STREAMED

    One of the great strengths of the CLO market is its willingness to both learn lessons and evolve from each crisis it has faced. It may be early to say for certain how CLOs will perform in 2020, but many key themes are already clear. This panel brings together some of the deepest visionaries in the business to discuss what CLO 3.0 will look like once the dust settles.

  • 16:00

    Refreshment break

  • 16:30

    Panel: Midmarket CLOs

    ON-DEMAND RECORDING AVAILABLE FROM SEPTEMBER 9

    Midmarket CLOs seem to be performing well, but given the opacity of their underlying assets it can be hard to tell. What’s the real status of the US middle-market, and what are realistic default expectations for middle-market CLOs? Are stronger covenants than broadly-syndicated deals having the impact managers hoped? And what are the prospects for future issuance?

  • 17:00

    Panel: Would you buy it?

    ON-DEMAND RECORDING AVAILABLE FROM SEPTEMBER 9

    Four top CLO investors walk us through their investment process as they consider four CLO investment case studies in this now traditional end to the CLO Symposium. How have the last few months changed their approach to investing? And are those changes are short term response to a crisis, or a permanent alteration in how investors should think about the risks and returns of CLO investments?

  • 17:45

    Networking reception

  • 19:00

    Charity Dinner