TITLE

CLOs Reemerge from Economic Rubble

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
July 2010
SOURCE
High Yield Report;7/26/2010, Vol. 21 Issue 30, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the recovery of collateralized loan obligations (CLOs) from the financial crisis. It relates that Bank of America Merrill Lynch and Wells Fargo have arranged CLOs while Guggenheim Partners is reportedly planning to be in the market with new CLOs. An investor commented that it is not a real CLO if it would be very short and it may be a total-return swap and there are concerns on default assumptions and the equity return assumptions.
ACCESSION #
52564402

 

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