CLO players eye disruptive potential of upcoming AMR auction

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By Paola Aurisicchio
29 Jan 2020

On Thursday morning, bids for the first repricing of a CLO via an applicable margin reset (AMR) auction will roll in, bringing to life a concept that has the potential to disrupt traditional practices in the sector.

Olga Chernova, founder and CIO of the hedge fund Sancus Capital Management in California and a pioneer of the AMR feature, says she is confident that the first auction will be a success and will pave the way for an “transparent, simplified, and democratic,” CLO  market. 

“[The CLO market] ...

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