SCI’s 1st Annual CLO Special Opportunities Seminar

29 June 2021 | Virtual Event

Introduction

CLOs are now a mainstream market and set to cross the US$1trn threshold this year globally, bolstered by the search for yield and strong performance through the Covid-19 crisis. Positive news though this is, it means that investors can no longer look to the vanilla market for the relative value opportunities they used to enjoy. SCI’s CLO Special Opportunities Seminar examines the key areas for investors and managers to enhance returns from market and deal structures, to pricing and unusual asset classes.

Registration is now open


SCI subscribers will be offered a 20% discount on all single tickets.

To get your discount code please email David Zaher: dz@structuredcreditinvestor.com

Delegate rates:
Please choose your ticket by clicking to highlighting one of the options from the list below before entering your email, first and last name to register.

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Bronze Sponsor

09:55 Eastern Daylight Time

Opening Remarks

10:00 Eastern Daylight Time

ESG / CLO

CLOs are said to be the perfect vehicle for ESG selection criteria. Can investors seek enhanced yield through ESG compliant CLOs and how do managers demonstrate a track record that these structures offer attractive returns? How can investors be satisfied that ESG deals are genuinely compliant with their criteria?

Panel includes:
Charlie Wu – Morgan Stanley (Moderator)
Fatima Hadj – Climate Action Women
Herman Guelovani – NIBC Bank
Steve Baker – JP Morgan
Jon Brager – Palmer Square Capital Management
Elena Rinaldi – TwentyFour Asset Management

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10:45 Eastern Daylight Time

Break

11:05 Eastern Daylight Time

Electronification

Some banks are looking to achieve time and cost efficiencies to the secondary loan and CLO market through electronification. But does this represent as big an opportunity for investors and other market players, or is there a better way to improve market infrastructure for everyone?

Panel Includes:
Sean Kelley – US Bank (Moderator)
Olga Chernova – Sancus Capital Management
Anthony Schexnayder – KopenTech
Jason Schechter – Jefferies
John Wu – Seix Investment Advisors

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11:50 Eastern Daylight Time

Break

12:10 Eastern Daylight Time

Middle Market CLOs

Offering a wider spread advantage to their BSL siblings how is the more opaque sector really faring now the initial stage of the Covid crisis is behind us, but the true economic impact is still ahead, and do MM CLOs still offer enough reward for the risk? How attractive are risk adjusted returns for MM CLOs, what are the challenges in analysing the credits given the private/bilateral nature of loans?

Panel includes:
Mark Fontanilla – Mark Fontanilla & Co. (Moderator)
Pramit Mukherjee – Converge RE
Christopher Gilbert – Natixis
Kevin McLeod – Cerberus

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12:55 Eastern Daylight Time – 13:45 Eastern Daylight Time

Break

13:45 Eastern Daylight Time

Alternative structures

The structured credit outliers of recent years such as CBOs, CFOs and PFI CLOs have begun to re-emerge of late – can they and other similar instruments start to show genuine volume growth as well as enhanced yields?
Panel Includes:
Magnus Wilson-Webb – BNY Mellon (Moderator)
David Goldfinger – GreensLedge Capital Markets
Craig Bergstrom – Corbin Capital Partners
Putri Pascualy – Angelo Gordon

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14:30 Eastern Daylight Time

Break

14:50 Eastern Daylight Time

Pricing and relative value

An in-depth look at the key issues in CLO analytics, pricing and valuation including: secondary market trading patterns, primary pricing indicators, manager tiering and the relative opportunities and challenges between US and European markets. As well as examining the practicalities of dealing with those issues such as a bottom up versus a top down approach, key metrics, early warning signals and the genesis of pricing equity through this cycle.

Panel includes:
Geoffrey Horton – Barclays (Moderator)
Laila Kollmorgen – PineBridge Investments
Dagmara Michalczuk – Tetragon Credit Partners
Andy Ross – Pacific Asset Management
Batur Bicer – Napier Park
Chris Saltaformaggio – New York Life Investors

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15:35 Eastern Daylight Time

Networking Event

Our AI matchmaking networking algorithm allows you to connect with your peers, for quick 1:1 or small group video conversations