Creditflux West LIVE

room Live Virtual Event
  • This live virtual conference will bring together the west-coast CLO community for a morning of insightful content as thought leaders from across the West discuss some of the burning issues in the wider US CLO market including test breaches and opportunities and challenges in the secondary market.

  • 08:00

    Virtual boardrooms open

  • 10:00

    Welcoming remarks & market snapshot

  • 10:05

    Panel – Testing Times

    As the mainstream press starts to panic about test breaches we ask what the true state of CLO performance is. What should the CLO market in particular expect in terms of future collateral defaults and downgrades, and how uniform will they be across different managers and vintages? How common will junior and senior test breaches become, and what will be their actual impact on investor returns? And how constraining are those dreaded triple-C buckets and other trading restrictions?  

  • 10:35

    Q&A

  • 10:45

    Break

  • 11:30

    Panel – Second Opinion

    In times of stress the biggest dislocation is always between attractive plays and tradable opportunities. This panel will explore both sides, with the discussion covering relative value in the secondary market, as well as trading activity and liquidity. Are we seeing any forced selling yet? What are bid/ask spreads telling us about the current needs of CLO traders on both the buy-side and the sell-side? And as manager performance begins to bifurcate are prices fully reflecting this new tiering? 

    Hugh Minch
    Hugh Minch
    Reporter, Creditflux (moderator)
  • 12:00

    Q&A

  • 12:10

    Concluding remarks

    Hugh Minch
    Hugh Minch
    Reporter, Creditflux (moderator)
  • Event ends