Patriarch Partners sued by the CLOs it created, reports Reuters

The Zohar CLO saga took another surreal turn earlier late last week as the CLOs themselves launched a lawsuit against Patriarch Partners

Comment by: Anonymous. Posted 7 years ago [2016-04-28 00:06:44]

It's a bad sign when your collateral manager does not know the CLO holdings. Alvarez should likely resign now before the next surprise.