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CLOs Fight Back Against Hedge Fund Efforts to Siphon Value

  • Hedge funds are exploiting CLO limits in distressed situations
  • Brigade amends old deals to gain restructuring flexibility
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CLOs Fight Back Against Hedge Funds
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Collateralized loan obligations are the biggest investors in the $1.2 trillion leveraged loan market, yet for months they’ve been bullied by hedge funds and other money managers exploiting a glaring weakness in their structures.

Now, they’re fighting back.