Most investors forecast double-digit returns from CLO equity

By Mike Peterson

A large majority of CLO investors expect CLO equity to pay double-digit returns, according to an audience poll at last week's Creditflux Credit Opportunities Symposium

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Comment by: Anonymous. Posted 9 years ago [2014-05-18 14:03:50]

I love the CLO asset class, but let me make a comment that may strike some readers as hostile. We've seen some great CLO equity returns in past years - obviously a good thing. But such returns are largely generated by "par building." While, on the one hand, we all know and love par building, it is ultimately a gimmick. Or am I wrong? Is par building simply manager skill in recognizing under-valued assets? Perhaps this would make a good Creditflux poll question!