Section VIII: Collateralized Loan Obligations (CLOs)
By Robert S. Kricheff and Alexander L. Chan
Collateralized loan obligations are a huge portion of the bank loan market. They are structured and asset-backed vehicles that buy loans. Specifically, they tend to buy leveraged loans. CLOs depend on being able to use market and portfolio analytics to be able to construct and monitor their portfolios. CLOs typically require a disciplined and conservative approach to be successful.
Although CLO issuance can go through cycles, depending on the spreads between various assets in the market, generally they are a growing asset class. With the increase in the number of CLOs, there will likely be an increase in the amount of secondary trading in the debt ...
Get Data Analytics for Corporate Debt Markets: Using Data for Investing, Trading, Capital Markets, and Portfolio Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
