CLOs Reemerge from Economic Rubble

Kellerhals, Richard
July 2010
High Yield Report;7/26/2010, Vol. 21 Issue 30, p22
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.


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