European CLO Manager Style Comparisons: September 2025 Update
Collateralised loan obligation (CLO) manager styles, or approaches to investing in leveraged loan pools, can vary significantly across managers. Ultimately, investors are best positioned to determine which manager’s approach best suits their needs. As part of KBRA’s series on European CLO manager styles, this report follows our March 2025 update, highlighting key changes since that publication and focusing on the differences between CLO managers when evaluated across selected cross-metrics. While the governing classifications are Opportunistic and Conservative, these are not intended to imply any positive or negative sentiment. Rather, they are used solely for information purposes to display and distribute the data.
Key Takeaways
Turnover across the manager rankings moderated over the past six months, with more managers retaining a top 10 status…
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