Hedge fund bets on structure over collateral in WhiteHorse CLO trade

By Sayed Kadiri

Monday, October 14, 2013

A New York-based hedge fund specialising in structured credit believes it is on to a winner after buying notes in a recent CLO

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TAGS: CLO

Comment by: Anonymous. Posted 10 years ago [2013-10-14 23:08:58]

I hope Rion Capital, the hedge fund of this story, is wrong. Can it really be that the typical CLO investor would not know the credit enhancement levels?! Please don't tell me there are investors / traders who pay attention only to the rating and the market chatter.

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