A CLO, or a collateralised loan obligation, is a type of fund that owns leveraged loans. They differ from CDOs in the type of asset that backs the security, and exists as an option for risk averse and yield hungry investors alike.
Key learning objectives:
Define what a CLO is
Understand the CLO investor base
Define the role of a CLO manager
The Basel Committee Perspective on Operational Risk
Peter Eisenhardt • 18:32