Is the Post-FInancial Crisis Arbitrage US CLO Structure Too Conservative? The term ‘arbitrage’ would suggest a pretty good average IRR at the CLO equity level but based on the observations of redeemed post-2012 US CLO deals (so far), their average CLO equity IRR was on the low side. Original and reset tranches of the fully…
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Is the Post-FInancial Crisis Arbitrage US CLO Structure Too Conservative?
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