Voya, KKR CLOs best evaded post-crisis loan defaults

In an analysis of CLO managers’ holdings of distressed loans since the financial crisis, a team of analysts at JP Morgan found that Voya and KKR were the top managers for selling loans that later became distressed at the highest spread versus their eventual recovery price.

  • By Alexander Saeedy
  • 15 Apr 2019

Jefferies/Apex and Blackrock were among the first to sell assets that later became distressed, both within about two years before the loans defaulted, while Voya and KKR were the top managers for selling high before loan values later took a hit.

Ellington was a big outlier in this ...

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