Robert Smith’s Tail Risk column (November 20) underplays the similarities between collateralised loan obligations and collateralised debt obligations. He praises the “clever” structure of CLOs, ...

Anxiety about the credit risk of software companies is rattling both US private credit funds and CLOs. Private credit funds are set up to be semi-liquid, while CLOs have more rigid non-call periods, ...

Broader bond benchmarks are performing far better in 2023 than they did last year. While that’s certainly a positive, the fixed income environment isn’t entirely sanguine, either. After all, the ...

(Bloomberg Opinion) -- The collateralized loan obligation bogeyman is back. This time it comes in the form of a widely read article in The Atlantic, “The Looming Bank Collapse,” written by Frank ...

Should you worry about collateralized loan obligations in your funds? The short answer is probably not. As a reminder, CLOs are securities backed by pools of leveraged bank loans. Like many structured ...

The last few years have been challenging for fixed income investors. At first, interest rates were below historical averages, creating a difficult search for yield. Then the environment changed ...

Difficult decisions are being made every day by legal departments and their executives, who continue to face the many legal and business challenges associated with the ongoing pandemic, global crises, ...

Over the past several years, CLOs within a core bond portfolio would have provided additional yield - without adding duration - as well as increased returns and lower volatility. The benefits that ...

Private credit CLOs do, of course, pay higher spreads than BSL CLOs, compensating investors to some degree for the additional risks attached to these transactions. Private credit CLOs also tend to ...