CLO Market Hampered by Lack of Standardization

The collateralised loan obligation (CLO) market has experienced something of a resurgence in recent months with the amount of CLOs backed by syndicated loans issued this year ($3 billion) close to surpassing last year's entire take, according to data compiled by Bloomberg.

However the industry is hampered by a lack of standardization, says Peter Gleysteen, chairman, CEO and co-chief investment officer, at the Commercial Industrial Financial Corporation (CIFC). "The industry doesn't have well-def

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