ABS East — Going out on a high, CLO lows, the kids aren’t alright
- Sasha Padbidri
If you were at the ABS East conference in Miami this week, there’s a good chance you dropped in on packed parties at venues like LIV nightclub and Soho House — a clear sign that the industry has moved on from the Covid-cautious vibes of last year’s much smaller event.
As usual, Monday night’s event at LIV was hosted by Credit Suisse’s securitized products group, so it may have been a kind of last hurrah.
The group still does very good business, so despite the troubles of its parent it is a hot commodity. It will live on in some shape or form, but there’s a strong chance that next year’s celebrations will have different branding.