RT Journal Article
SR Electronic
T1 Research Analyst Perspectives: Finding
Relative Value in the CLO Market
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 198
OP 200
DO 10.3905/jsf.2013.18.4.198
VO 18
IS 4
A1 Edwin Wilches
A1 David Cao
A1 Richard Hill
YR 2013
UL https://pm-research.com/content/18/4/198.abstract
AB This panel covered how collateralized loan obligations (CLOs) are similar or different from collateralized debt obligations (CDOs) and other ABS products, the inherent CLO liquidity premium, how value is analyzed across a CLO’s capital structure, how to distinguish between values in the primary (new issue) and secondary CLO markets, whether various CLOs today seem rich or cheap, risks related to differences in CLO documentation across different deals, and how CLO equity compares to other alternative investments.TOPICS: CLOs, CDOs, and other structured credit, asset-backed securities (ABS)