Will There Be a Day of Reckoning on CLOs as Canadian Pensions Buy More?
Posted on 11/16/2019
In September 2018, the Canada Pension Plan Investment Board (CPPIB) had allocated US$ 285 million to collateralized loan obligations, or CLOs for short, in a partnership with Sound Point Capital Management, LP. CLOs are being used successfully to juice returns. The pensions of 20 million Canadians depend on the Canada Pension Plan, and by extension […]