The manager of a CLO takes on important responsibility for the performance of a CLO’s portfolio of leveraged loans and the issuance and management of a CLO’s debt, but measuring manager impact can seem complex Performance benchmarking, a longstanding approach for evaluating managers of mutual funds and other portfolios, has started to work its way into the CLO market as a means to simplify and quantify manager impact Results from benchmarking allow simple description and ranking of managers and have clear implications for fair value in CLO debt and equity This session brings together analysts, investors and managers to explore and discuss this approach.
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