Collateralised loan obligation (CLO) manager styles or approaches to investing in a pool of leveraged loans can vary significantly across managers. In the end, investors are best positioned to determine which manager’s approach best suits their needs. As part of KBRA’s series examining European CLO manager styles, this report provides an update to our April 2024 analysis, highlighting changes since our last publication and focusing on the differences between CLO managers when evaluated across selected cross-metrics. The governing classifications are Opportunistic and Conservative; however, these classifications 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 among manager rankings has remained elevated over the…