European CLOs attractive but closer eye on managers required, says TwentyFour AM

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European CLOs attractive but closer eye on managers required, says TwentyFour AM

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TwentyFour Asset Management said this week that it favours a defensive position in European securitization, given tight spread levels. The firm sees value in CLOs, but cautions that manager behaviour could be a growing risk next year as the credit cycle matures.

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