CLOs & Leveraged Loans
New York, NY
May 20 - 21, 2019

Description

IMN is excited to announce the 2019 edition of the largest global gathering of the CLO and leveraged loans industry, May 20-21, in New York City. The 8th Annual Investors’ Conference on CLOs and Leveraged Loans program is host to over 1,600 attendees, and a facilitator of hundreds of 1:1 private investor and CLO manager meetings, making this industry conference a major catalyst for structured product deal flow in the United States.
 
CLO managers looking to market their latest offerings and investors seeking yield in the asset class will have many opportunities to connect pre, during and post-event, in the exhibit hall and sponsor-hosted private meeting spaces.
 
Our attendees gain a competitive edge from attending the sessions hosted over this day-and half conference, and features speakers whose expert insights provide important industry and regulation updates, key trends, opportunities and challenging headlines facing the leveraged loans market.
 
A must-attend event, IMN’s CLO industry conference is a platform that informs, engages and delivers a competitive edge for the U.S. structured finance community.

Who Should Attend
  • CLO Managers
  • CLO Structurers and Bankers
  • Legal and Financial Advisors
  • Investors
  • Rating Agencies
  • Financial Technology Providers
  • Financial Service Providers with an interest in the Leveraged Loan & CLO Market

Issuers & Investors 919

To view audience list you must be signed in

Sign-In

Conference Highlights

Networking Tutorial

    Platform Introduction

    LOADING MEDIA...

    Getting Started

    LOADING MEDIA...

    Updating Personal Info

    LOADING MEDIA...

    Updating Demographics

    LOADING MEDIA...

    Searching By Name/Company

    LOADING MEDIA...

    Filter By Demographics

    LOADING MEDIA...

    Send Invitation

    LOADING MEDIA...

    Accept Invitation

    LOADING MEDIA...

    Messaging Connections

    LOADING MEDIA...

    Post Conference Content

    LOADING MEDIA...

Networking

To utilize our online networking platform, you must be registered for conference and signed-in

Sign-In

My Agenda

  • To view your agenda you must be signed in Sign-In

Agenda

    Monday, May 20th, 2019

      9:30 AM
      Delegate Registration Opens

      • *Please note light refreshments will not be served until the afternoon refreshment break 

      12:30 PM
      Pre-Conference Workshop: CLO Analysis

      • This workshop will provide attendees with a basic analysis and “101” break down of the CLO structure, the definition of a leveraged loan and broadly syndicated loans, and other key fundamental concepts in the CLO sector aimed towards analysts and those looking at CLOs in their strategic asset allocation
        • Michael Quick , Senior Manager (Deloitte & Touche LLP)
        • Macey Levington , Counsel (Cleary Gottlieb Steen & Hamilton LLP)
        • Nicholas Robinson , Partner (Allen & Overy)
        • Timothy Ruxton , Managing Director (Cortland Part of Alter Domus Group)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      1:10 PM
      Pre-Conference Workshop: JP Morgan CLO Index

      • Analysis and break down of J.P. Morgan’s benchmark CLO indexes aimed at investors   Hosted by the Fixed Income Investor Network (FIIN) FIIN
        • Rishad Ahluwalia , Managing Director (J.P. Morgan Securities LLC)
        • Preetham Nanda , Executive Director (J.P. Morgan Securities LLC)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      1:50 PM
      Host’s Welcome and Opening Remarks


        • Lauren Kerr , Conference Producer (IMN)

      2:00 PM
      Macro Credit: The Leveraged Loan Finance Arena

        • Economic growth and its impact on Leveraged Loans: Recession risk and impact
        • Loan documentation review and role of private equity
        • Macro-economic factors (besides growth): lLiquidity/interest rates and valuation
        • Retail versus the broader loan market: Is the broader market robust enough to prevail? What are the drivers behind the retail loan flow. What is the impact of direct lending on the leveraged loan environment?
        • Credit cycle checkpoint: Has the cycle been extended, increase in volatility, implications for floating rate instruments and notes

        • Chris Padgett , Senior Vice President (Moody's Investors Service)
        • Christine Bave , Managing Director (Apollo Global Management LLC)
        • Andrew Brady , Partner, Co-Head of Corporate Credit (Marathon Asset Management)
        • Michael Mullins , Co-Chair, Finance Practice & Co-Chair, Debt Capital Markets (Winston & Strawn LLP)
        • Michael Paladino , Managing Director (Fitch Ratings)
        • Rob Robis , Senior Vice President, Global Fixed Income Strategy (BCA Research)
        • Oliver Wriedt , Chief Executive Officer (DFG Investment Advisers)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      2:50 PM
      Keynote Address: The Federal Reserve’s Role in the LIBOR Transition and the Implications for Leveraged Loans


        • David Bowman , Special Adviser to the Board (Federal Reserve System)

      3:20 PM
      Refreshment Break


      3:40 PM
      Myth vs. Reality: Addressing the Headlines

        • Overview of the 2018/19 headlines: Researcher versus reporter 
        • Evaluation of the loan market liquidity and record outflow from mutual funds: Where do the industry sectors fall on the battlefield of the $1.4 trillion loan market 

        • Jeremy Phillips , Partner (PwC)
        • Sally Bakewell , Corporate Finance Reporter (Bloomberg News)
        • Joe Rennison , US Capital Markets Reporter (Financial Times)
        • Matthew Layton , Partner (Pearl Diver Capital)
        • David Preston , Managing Director (Wells Fargo)
        • Robert Zable , Senior Managing Director (GSO/Blackstone)

      4:30 PM
      Credit Fundamentals: CLO and Loan Document Trends

        • Trends in the underlying document terms for CLOs and leveraged loans
        • Key areas of concern to investors
        • How worried should CLO and leveraged loan investors be?

        • Allison Salas , Director, Structured Finance, CLOs (Deutsche Asset & Wealth Management)
        • Christopher Duerden , Partner (Dechert LLP)
        • Albert Huntington , Head of Capital Markets and Banking (Redding Ridge Asset Management)
        • Dagmara Michalczuk , Portfolio Manager (Tetragon Financial Group)
        • Carlos Rodriguez , Partner (Sidley Austin LLP)
        • Edmond Seferi , Partner (Morgan, Lewis & Bockius LLP)
        • Steve Wilkinson , Senior Director (S&P Global Ratings)

      5:20 PM
      The 8th Annual Investors' Conference on CLOs & Leveraged Loans Welcoming Cocktail Reception


    Tuesday, May 21st, 2019

      8:00 AM
      Delegate Breakfast & Registration


      8:35 AM
      Pre-Conference Workshop: Are Women Claiming Turf on Wall Street?

      • How women are dominating the ranks of the CLO and leveraged loan market and the ripple effect on performance Supported by:          
        • Lynn Chin , Partner (PwC)
        • Lauren Basmadjian , Senior Portfolio Manager (Octagon Credit Investors)
        • Alberta Knowles , Partner (EY)
        • Judith Fishlow Minter , Managing Director & Co-Head Loan Capital Markets (RBC Capital Markets)
        • Maggie Wang , Managing Director (Citi Global Markets, Inc.)

      9:15 AM
      Market Recap and Prediction: Can this Red Hot Market Continue to Burn Bright?

        • 2018 eclipsed the all-time record CLO issuance with more than $128 billion: Did this asset class finally reach its peak? 
        • Is the geopolitical stratosphere and strong economy boosting CLO portfolio performances?
        • Will we start to see a downwards creep as we enter a credit cycle? 
        • New issue loan market: Are we seeing increased bifurcated liabilty tranches? 
        • The economics of refinancing and resets
        • How far will warehouse equity investors go to price a deal with an underwater warehouse?  
        • Year in review: How did risk retention shape the CLO market? Are managers continuing to deploy capital? 
        • Arbitrage prediction: Will we see challenges for CLOs despite higher yielding assets?
        • 2019 volume prediction forecast 

        • Steven T. Kolyer , Partner (Sidley Austin LLP)
        • Thomas Majewski , Managing Partner & Founder (Eagle Point Credit Management)
        • Derek Miller , Managing Director (Fitch Ratings)
        • Amit Roy , Head, US CLO New Issue (Goldman Sachs)
        • Chris Saltaformaggio , Director (New York Life Investors)
        • James Stehli , Managing Director, Head of CLOs (Mizuho Securities USA LLC)
        • Edwin Wilches CFA, Portfolio Manager (PGIM Fixed Income)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      10:15 AM
      LSTA Keynote Address: Navigating the LIBOR Crossroads

        • LIBOR Checklist: What do you need to do?
        • Navigating LIBOR Fallbacks: Will your language work?
        • Understanding the Successors: What are your SOFR options?
        • What’s next for ARRC: The plan for 2019 (and beyond!)

        • Meredith Coffey , Executive Vice President of Research & Analysis (LSTA)
        • Peter Phelan , Deputy Assistant Secretary for Capital Markets (U.S. Department of the Treasury)
        • Lary Stromfeld , Partner (Cadwalader, Wickersham & Taft, LLP.)
        • Thomas Wipf , Chair, Vice Chairman (ARRC, Morgan Stanley | ISG Management)

      11:00 AM
      Refreshment Break


      Commence Tracks A-B


      Track A 11:30 AM
      Securing Yield: Spotting Opportunities Across the Horizon

        • Is AAA CLO tranche investment becoming stale, or does stable credit quality remain attractive?  
        • How will loan and CLO issuance impact tranche levels? 
        • What part of the CLO capital structure offers the best relative value? 
        • How do CLOs offer advantages over other structured products and credit assets? 

        • Collin Chan , Vice President, CLO Strategist (Bank of America Merrill Lynch)
        • Shivraj Bhushan , Executive Director (J.P. Morgan Securities LLC)
        • Eric Hudson , Managing Director (Kroll Bond Rating Agency)
        • Gretchen Lam , Senior Portfolio Manager (Octagon Credit Investors)
        • Justin Pauley , Senior Structured Credit Analyst (Brigade Capital Management, LLC)
        • Amir Vardi , Managing Director, Structured Products Portfolio Manager (Credit Suisse Asset Management)
        • Robert Villani , Partner (Clifford Chance US LLP)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track B 11:30 AM
      Technology Developments to Elevate CLO Manager Strategies

        • How to leverage AI and machine learning in CLOs
        • Data and analytic technology market innovations: How can these shape the CLO market

        • Dzmitry Maroz , Advisory Specialist Leader (Deloitte & Touche LLP)
        • Eiman Abdelmoneim , Director of Product & Operations (Sky Road)
        • Kenneth Ho , Senior Director, Financial Engineering (Moody's Analytics)
        • Jon Hodges , Chief Executive Officer (Alphkinetic – A Virtus Partners Company)
        • Anthony Schexnayder , Head of Business Development (KopenTech)
        • Cenk Tunasar , Principal, Data & Analytics (KPMG)

      12:15 PM
      Delegate Luncheon


      Track A 1:20 PM
      Stuck Between a Rock and a Hard Place: Middle Market vs. Broadly Syndicated Loans

        • Comparison of middle market and BSLs: Are we seeing more middle market CLOs and financing facilities?
        • Are these loans being held on bank balance sheets?
        • Are originated middle market loans structured with greater lender protections compared to BSLs? 
        • Rating agency shadow rating and stress tests
        • Is there a sufficiently robust and transparent database on middle market performance? 
           

        • Hector Herrera , Head of Business Development for Strategic and Conventional Sales (BNY Mellon)
        • Christopher Gilbert , Head of U.S. CLO Banking (Natixis)
        • Jerry van Koolbergen , Managing Director (DBRS)
        • Paul St. Lawrence , Partner (Morgan, Lewis & Bockius LLP)
        • Randy Schwimmer , Senior Managing Director (Churchill Asset Management)
        • Timothy Walsh , Director (S&P Global Ratings)
        • Patrick Wolfe , Director (BlackRock)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track B 1:20 PM
      Assessing the Landscape: Europe and the U.S.

        • How has regulation affected both deal construction and asset management? 
        • Impact of STS regulation on European investors and how this will affect participation in the US market
        • Comparison of yield and investors bases 
        • Where are managers deploying their risk retention capital 12 months later?
        • Differences in US vs. Europe loan markets 
        • Outlook post-Brexit? How will U.S. investors position their portfolio for a China Trade War?
        • Nuances in Euro CLOs compared to US CLOs

        • Julia Tsybina , Counsel (Clifford Chance)
        • Geoffrey Horton , Vice President (Barclays)
        • Jian Hu , Managing Director & Head of New Ratings for US Corporate Asset Securitisation (Moody's Investors Service)
        • Manish Kapoor CFA, Managing Principal (West Wheelock Capital)
        • Sagi Tamir , Partner (Mayer Brown LLP)
        • Medita Vucic , Director, Financial Institutions Relationship Management (BNY Mellon)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track A 2:05 PM
      The Innovation Game: Alternative CLO Structures

        • Refinancings: The Applicable Margin Reset alternative
        • Year of the short deal: CBOs, low levered CLO and static CLOs 
        • Stress CLOs: Are we seeing an increased issuance in CCC deals?
        • Are these new and revised pre-crisis structures confusing the market?
        • Non plain vanilla CLO static deals: Will this niche provide mechanics to exit warehouse financing?  
        • How liquid are these chocolate version CLOs in comparison to plain vanilla?

        • Ryan Suda , Partner (Mayer Brown LLP)
        • Ankit Aggarwal , Head of US CLO Structuring (Bank of America Merrill Lynch)
        • Olga Chernova , Chief Investment Officer (Sancus Capital Management)
        • Andrew Curtis , Managing Director (Z Capital Partners, LLC)
        • John Nagykery , CLO Team Lead (Morningstar Credit Ratings)
        • Serhan Secmen , Managing Director & Portfolio Manager (Napier Park Global Capital)

      Track B 2:05 PM
      Manager Tiering: Qualities that Make an Investor Swipe Right

        • Choosing your CLO players: With $128 billion in issuance volume, how do you narrow down your team?  
        • Are we seeing an increase in the number of smaller players entering the market since risk retention? Does the world need another CLO manager?  
        • Manager evaluation: What qualities do investors look for in manager performance? 
        • How to evaluate manager liquidity
        • Investor perspective on par build during Q418 volatility   
        • Is secondary trading start to overlap with the perception of tiering?

        • Paul Burke , Managing Director, Head of Agency & Trust Sales (Citibank, N.A.)
        • Jim Feeley , Co-Head (Investcorp Credit Management)
        • Asif Khan , Managing Director, Head of CLOs (MUFG)
        • Jimmy Kobylinski , Senior Director (S&P Global Ratings)
        • Milen Shikov , Managing Director & Portfolio Manager (AIG)
        • Craig S. Stein , Partner (Schulte Roth & Zabel)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track A 2:50 PM
      Market Entry Strategies: Seasoned Players vs. New Recruits

        • How are smaller managers making their footprint amongst the seasoned players?
        • Have new managers been accurately tested since they came into market after the oil and gas issues?
        • Does collateral manager size have an impact? 
        • Comparison of new recruits as well as the established players with new shops to roadshow: Why enter the market now and what style are you bringing to the table? 
           

        • Dan Wohlberg , Director (Eagle Point Credit Management)
        • Larry Berkovich , Partner (Allen & Overy)
        • John Blaney , Managing Director (Guardian Life Insurance)
        • Beth MacLean , Executive Vice President (PIMCO)
        • Adrian Marshall , Chief Investment Officer (Elmwood Asset Management)

      Track B 2:50 PM
      CRE CLOs: Expanding the Product

        • Market outlook: Is this revised CRE CDO asset class here to stay
        • Relative value of CRE CLO loans compared to traditional CMBS
        • Best practices in asset management: Static versus active 
        • What types of bridge loans and collateral are going into CRE CLOs 
        • Common structural features 
        • Credit performance to date

        • A.J. Sfarra , Managing Director (Wells Fargo Securities)
        • Jim Dunbar , Senior Managing Director (Värde Partners, Inc.)
        • Deryk Meherik , Senior Vice President, CRE CLOs Lead Analyst (Moody's Investors Service)
        • Seth Messner , Partner (Katten Muchin Rosenman LLP)
        • Michael Oliver , Vice President, Business Development (U.S. Bank)
        • Jeffrey Rotblat , Partner (Cadwalader, Wickersham & Taft LLP)
        • Shannon Stotts , Managing Director (Resource Real Estate)

      3:35 PM
      Refreshment Break


      4:00 PM
      Investor Roundtable Boxing Ring: Comparing the Capital Stack

      • Roundtable 1: Investing in Mezzanine Debt
        • What has been driving the BB/B widening? Where will this forecast by year-end? 
        • Predictions for the mezzanine yield curve 
        • What CLO metrics are important to a CLO mezz investor?
        • What risks can you prepare for at this stage in the credit cycle? Can BBs really become impaired? 
        Roundtable 2: The Par of the Equity Investor
        • Risk and opportunities: Do par flushes help to reduce the equity investor risk? What are the expectations for 2019? Will defaults pick up? 
        • 12 months in: How has the equity investing landscape evolved since the rollback of Risk Retention?
        • Should equity investors be looking more at relative value and move their money into other areas of the stack?
        Hosted by the Fixed Income Investor Network (FIIN):
        • Laila Kollmorgen , Managing Director (PineBridge Investments)
        • Taryn Leonard , Managing Director (Barings)
        • Francisco Paez , Director (MetLife)
        • Brian O'Keefe , Analytical Manager (S&P Global Ratings)
        • Matthew Andrews , Managing Director, Head of Capital Markets - Structured Credit (CIFC Asset Management)
        • Dan Ko , Principal & Portfolio Manager (Eagle Point Credit Management)
        • Michael Kurinets , Chief Investment Officer & Portfolio Manager (Capra Ibex Advisors)
        • Benjamin Tyszka , Managing Director (Ares Management)

      5:00 PM
      The 8th Annual Investors' Conference on CLOs and Leveraged Loans Concludes


Sponsors

Register

This is a <u>past</u> conference, no registration is available.

Advisory Board

Keynote Speakers

Contact Us

Venue

  • Conference Venue
  • Sheraton New York Times Square Hotel


    811 7th Avenue 53rd Street
    New York, NY, 10019
    USA
    Fax: 212-262-4410

    Additional Info:

    UPDATE: Cut-off date has been extended to Friday, May 8!  Availability is limited so please make your reservations ASAP. In order to make a discounted reservation at this hotel please use the above link.  Discounted reservations will be available on a first come first served basis until May 6, 2019. PLEASE NOTE: IMN has not retained any third party booking company to assist with reservations.  If you would like to make a reservation at the Sheraton you must use the booking link above.

Speakers

Content/Audio Files

  • <span style="color: #888; font-size: 0.8em;">Only sessions that contain published presentations or audio files are shown here. To view full agenda please expand "Agenda" tab. <br/> <br/> Also please do not forget that if you are playing audio files on the mobile device (without being connected to WiFi), your Mobile/Cellural Internet data will be spent to play these audio files. </span>
  • Monday, May 20th, 2019
  • Pre-Conference Workshop: CLO Analysis


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Pre-Conference Workshop: JP Morgan CLO Index


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Macro Credit: The Leveraged Loan Finance Arena


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Tuesday, May 21st, 2019
  • Market Recap and Prediction: Can this Red Hot Market Continue to Burn Bright?


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Securing Yield: Spotting Opportunities Across the Horizon


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Stuck Between a Rock and a Hard Place: Middle Market vs. Broadly Syndicated Loans


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Assessing the Landscape: Europe and the U.S.


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In

  • Manager Tiering: Qualities that Make an Investor Swipe Right


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In


1120 Avenue of the Americas, 6th Floor, New York, NY 10036
Tel: +1(212)901-0506 Fax: +1(212)768-2484
Email: mail@imn.org


View Full Site
You need to login before accessing this section. Click "Login" from bottom menu.

Please sign in

Create Account Recover Password Sign in with LinkedIn

Enter Your Email: