In this episode of The Last Tranche, Deborah Cohen Malka, partner and portfolio manager at AlbaCore Capital Group, discusses the performance and challenges facing the European CLO market.

Cohen Malka says that assets and liabilities in European CLOs are in a delicate balance, where the pricing of a single new issue CLO raises loan prices to the extent that other new CLOs become uneconomic.

She also speaks to the impact of Russia's invasion of Ukraine on credit markets, and how the energy crisis is impacting credit quality. Cohen Malka also explains the sovereign debt crisis in the United Kingdom, and says the episode provided an opportunity for investors to take advantage of pension funds forced selling of CLO triple A notes.

#CLO, #Creditflux, #AlbaCore