CLO Symposium 2022

In-person registration is now closed as we have reached capacity, you can still register for a virtual pass.

The Landmark, London and Online

Agenda

08:15
BST

Registration & Breakfast

09:00
BST

Welcome

Sayed Kadiri
Sayed Kadiri Editor, Creditflux
Dan Alderson
Dan Alderson Deputy Editor, Creditflux
Tanvi Gupta
Tanvi Gupta Head of data journalism, Creditflux
09:15
BST

Panel: European market outlook

After a record-breaking 2021 and a strong start this year, what does the rest of 2022 have in store for the European CLO market? The €100 billion of total issuance was spread among 56 active managers as the market continued to broaden. Our panel of experts will reflect on the growth of the industry over the past twelve months and look ahead at the challenges and opportunities for investors in European CLOs.

10:15
BST

Fireside chat: Steve Vaccaro, CIFC

Michelle D'souza
Michelle D'souza Senior Reporter, Creditflux
10:45
BST

Coffee

11:15
BST

Panel: US CLO market outlook

From Covid to SOFR the US CLO market has had some challenges over the last few years, but it’s overcome them all. How will the CLO market follow up a year like 2021 which saw $391 billion of issuance? Some of the best-known participants in the market address everything from the growth of the CLO investor base to the impact of rising interest rates.

12:00
BST

Panel: ESG for CLOs

The importance of ESG continues to grow on both sides of the Atlantic, but as the range of ESG-compliant options grow, so do the challenges for CLO investors. What are the differences between “ESG CLOs” and rest of the market? How can investors avoid greenwashing? And how should global investors deal with stark regional differences on the social and governance portions of the acronym?

12:40
BST

Masterclass: Getting investors comfortable with European retention vehicles

The regulations on risk retention in European share the burden of compliance between manager and investors. As the number of managers choosing the retention vehicle route grows, so do the number of questions from other investors in the CLO. This masterclass explains what investors need to know about the various risk retention vehicles managers use, and what questions they need to ask before they can sign off that investment.

13:00
BST

Lunch

14:00
BST

Panel: Allocating to structured credit

As the CLO market continues to grow it is attracting a new and more diverse set of institutional investors. Our panel of expert allocators will talk us through how structured credit in general, and CLOs in particular, fits into their portfolios. How do they deal with the complexities of the asset class? How do they approach manager selection? And what advice do they have for new pension funds and insurance companies coming into the asset class for the first time?

14:40
BST

Dispatches from the CLO trenches

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?

15:00
BST

Panel: Midmarket CLOs

Midmarket CLOs seem to be performing well, and saw $44 billion of issuance last year. But given the opacity of their underlying assets it can be hard for outsiders to tell. What’s the real status of the US middle-market companies that these deals invest in, and how will these smaller companies cope with rising interest rates? With 31 active managers in the sector, and two new debutants in 2021 the middle-market continues to diversify. Will that continue, and what tips do our veteran managers have for newcomers to the space?

15:40
BST

Coffee

16:40
BST

Fireside chat: CRE CLOs

From its niche as an alternative to US CMBS, the CRE CLO has become a mainstream choice with $45 billion of issuance in 2021. And it finally made the jump into Europe market with the pricing of Starz Mortgage Securities 2021-1 DAC late last year. What does the future hold for CRE CLOs on both sides of the pond?

Hugh Minch
Hugh Minch Senior Reporter, Creditflux
17:00
BST

Panel: Would you buy it?

Four top CLO funds walk us through their investment process as they consider our CLO investment case studies. From relative value to manager due diligence, what are the key questions every CLO investor should ask before they buy?

17:50
BST

Concluding remarks

Sayed Kadiri
Sayed Kadiri Editor, Creditflux
18:00
BST

Networking reception

19:30
BST

Creditflux Manager Awards Dinner 2022

Please note that attendance at this gala dinner is by invitation only and that entry is not included as part of a Symposium ticket.