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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
CLO Investing: With an Emphasis on CLO Equity & BB Notes

CLO Investing: With an Emphasis on CLO Equity & BB Notes

Paperback

Business GeneralInvesting & Finance

ISBN10: 1642376566
ISBN13: 9781642376562
Publisher: Gatekeeper Pub
Published: Jul 24 2023
Pages: 220
Weight: 0.66
Height: 0.46 Width: 6.00 Depth: 9.00
Language: English

Collateralized Loan Obligations (CLOs) were left for dead after the Global Financial Crisis (GFC) of 2008-2009. Since then, CLOs have made a surprising comeback. Their popularity among investors is partially the result of impressive CLO performance during the GFC and beyond. CLO notes issued before the GFC did not have material defaults, and many CLO equity securities issued prior to the GFC ended up with annualized returns above 20%. Today the CLO market has over $1 trillion in assets under management and has replaced banks as the largest lender to private equity-backed companies.

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