JPMorgan Chase & Co. (NYSE:JPM) has created an index that will allow investors to measure collateralized loan obligations (CLO), most often corporate debt.
Collateralized loan obligations used to finance leveraged buyouts
Collateralized loan obligations have been used to finance leveraged buyouts as well a secure financing for factory expansion and other expansion needs of large and mid-sized businesses. The loans are then packaged and sold as one security with ratings from AAA to BB.
The CLOIE gauge will enable investors to track...
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Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
