David Altenhofen, Head of Credit Management at Accunia Credit Management, joins The CLO Investor podcast to compare the US and European CLO markets, digging into topics like manager selection and alpha, CLO equity&#x27;s recent struggles, software loan exposure, and a rare European CLO single-B default.

#37, David Altenhofen, Head of Credit Management, Accunia Credit Management

The CLO Investor Podcast

Hi, I'm Shiloh Bates and welcome to the CLO Investor Podcast. CLO stands for collateralized loan obligations, which are securities backed by pools of leveraged loans. In this podcast, we discuss current news in the CLO industry and I get to interview key market players.

The content here is for informational purposes only and should not be taken as legal, business, tax or investment advice, or be used to evaluate any investment or security. The views expressed in this podcast are those of the guest and do not necessarily reflect the views of Flat Rock Global or its affiliates. Today I'm speaking with David Altenhofen, Head of Credit Management at Accunia Credit Management. He focuses on European CLOs up and down the stack.

We discuss differences between U.S. and European CLOs, CLO Manager Alpha, Software Loans, and Captive CLO Equity Funds. Defaults in CLO debt are quite rare, but you'll hear about a recent European single B that defaulted. Some housekeeping items. I'm always looking for interesting guests to have on the podcast. Email us at info at flatrockglobal.com if you'd like to come on.

And I recently put out a YouTube video and white paper on our CLO BBs misrated, which argues that their historical performance has been more in line with default rates of BBB or single A rated corporates. Let me know your thoughts. And if you're enjoying the podcast, please remember to share, like, and follow. And now my conversation with David Altenhofen.

David, thanks for coming on the podcast. Thank you, Shiloh. I'm happy to be on. It was fun being on a panel with you in London a little while back. How did you end up in the CLO business? Well, it's a long and boring story, but I'm a trained economist from the...

#37, David Altenhofen, Head of Credit Management, Accunia Credit Management

Read the full transcript

The candid version is on a podcast,
not the earnings call.

#37, David Altenhofen, Head of Credit Management, Accunia Credit Management

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.