23 Jul: Demystifying 2018 US CLO Equity – A Breakdown Of Returns

“There is no better teacher than history in determining the future… There are answers worth billions of dollars in a $30 history book.” Charlie Munger Investing in CLO equity trances involves taking a long-term view and a certain amount of calculated risks given the highly levered structure but mitigated by the long-term non-recourse capital structure….

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