6 Jul: Some Observations: CLO Equity And Dry Powder In ‘Workout’ Accounts

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1” – Warren Buffett CLO Equity NAV is probably less useful as compared to MVOC on pricing CLO tranches. Nevertheless, it is still a key measure. If a deal is nearing its reinvestment end date, the CLO equity price would tend to converge…

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