‘A shrinking CLO market is bad for everyone’: Q&A with Prudential’s Brian Juliano

As one of the larger CLO managers in the US market, Prudential is less exposed to from risk retention rules than smaller names. But that doesn’t mean they’re happy about the new regulations. GlobalCapital caught up with Brian Juliano, vice president and portfolio manager for Prudential Fixed Income's US bank loan sector team, to find out why risk retention could shift risk to the high yield market, how managers may work around the rules, and why smaller shops might lose analysts.