CLO equity funds lag behind net asset value
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LevFinLevFin CLOs

CLO equity funds lag behind net asset value

CLOs

The largest listed funds buying CLO exposures are trading well below net asset value, suggesting some end investors see the asset class having worse prospects than the managers active in the sector. But part of the problem comes from managers’ marking of their investments, which has kept the NAV high for one of the sector’s largest players, GSO’s risk retention fund.

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