Hedge Funds Fire Up CLO Mezz

25 Aug 2010

Hedge funds have been fueling a rally in the mezzanine tranches of U.S. collateralized loan obligations.

--Joy Wiltermuth

Hedge funds have been fueling a rally in the mezzanine tranches of U.S. collateralized loan obligations. “It’s mostly single As and lower,” remarked one CLO trader. “But they’re also picking up AAs.”

The moves have edged up pricing on single As to the high 60s, the trader remarked. ...

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