Hartford Market Value CLOs To Flip To Cash

Citigroup is currently looking to convert Hartford Investment Management’s market value collateralized loan obligations into cash flow CLOs.

  • 08 Feb 2008

Citigroup is currently looking to convert Hartford Investment Management’s market value collateralized loan obligations into cash flow CLOs. The credits in the CLOs are performing well, but with falling loan prices switching to cash flow, managers no longer have to worry about hitting market value triggers.

Babson Capital Management ...

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