There is a considerable amount of talk in the market regarding potential for new CLO issuance. Clearly there are a lot of interested parties in seeing this market recover: CLO managers, bankers, traders, current CLO investors, and, less directly, the loan issuers themselves. These people, used to making a living from this market, [...]

Filed under: NewOak Blog by Michael Khankin, CFA

The global economy is setting up its maiden flight under the new market realities and will go through critical tests in the next 12 months. The finishing lap for 2009 brings positive news for the New Year: Many large US/UK banks have announced raising equity to pay back TARP obligations or reduce participation in Asset [...]

Filed under: NewOak Blog by Ron D'Vari

I couldn’t help but thinking of that famous music from Cabaret, the story based on Isherwood’s pre-World War II story of Berlin. It’s not the reference to Weimar that set me to thinking, rather it’s how fundamental the major theme of the song is. Money is the lubricant of society, yet it remains [...]

Filed under: NewOak Blog by Vincent Truglia