Another One Starts a Fund

Clouse, Carol J.
May 2011
High Yield Report;5/30/2011, Vol. 22 Issue 22, p25
The article reports on the launch by Babson Capital of a closed-end loan fund that will invest in leverage loans and high yield bonds in the North American and Western European market. According to a prospectus filed with the U.S. Securities and Exchange Commission, the Babson Capital Global Floating Rate will target speculative-grade firms. It notes that this surge of new funds can be attributed to record inflows. Other investment targets of the fund are floating-rate instruments, collateralized loan obligations, and structured securities.


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