CLOs: What's Driving the Opportunity Today?

April 2021 – 36 min listen
Co-Heads of Structured Credit, Melissa Ricco and Taryn Leonard provide insight into last year’s ‘rollercoaster ride’ in CLOs, and explain why both fundamental and technical factors appear to be aligning to create a strong backdrop for the asset class moving forward.

Episode Segments

03:20 — How CLOs weathered the 2020 pandemic volatility
05:34 — Managing CLO portfolios through the COVID period
08:52 — The outlook for structured credit heading into 2021
11:34 — Where we are today on default and downgrade risk
13:57 — The factors behind the boom in CLO supply
20:03 — Why secondary deals may be more attractive than new issue today
23:40 — Where the team is seeing value up and down the capital stack
29:30 — Risks to stay focused on
31:44 — What investors should watch in the months and years ahead

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