The inherent contradiction in CLO captive equity funds

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The inherent contradiction in CLO captive equity funds

Tom Lemmon
August 17, 2023 11:27 PM
Traders shout in the Eurodollar options trading pit Wednesday, Jan. 30, 2008, at the Chicago Mercantile Exchange. Wall Street surged higher Wednesday after the Federal Reserve, confirming that there is increasing stress on the economy, cut interest rates

CLO managers' interests often don't align with the needs of their own captive fund investors

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Tom Lemmon
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