Shrunken Toro CLO highlights investor risk fears

Tom Porter

August 12, 2014 01:00 PM

Bull Toro 230x — A flaming fake bull "Toro de fuego" runs after revelers during the 2014 San Fermin fiestas in Pamplona, Spain, Wednesday, July 9, 2014. Revelers from around the world arrive to Pamplona every year to take part in some of the eight days of the running of the bulls. (AP Photo/Andres Kudacki) | Andres Kudacki/AP/Press Association Images

Chenavari Investment Managers’ downsized European CLO 2.0 debut was the latest in a clutch of ABS transactions that have had a hard time placing riskier paper in recent weeks, as a broad sell-off across markets has hit the primary market for securitizations in Europe.

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Tom Porter