LPC: Managers under pressure as 2015 CLO refinancings loom
April 28, 2017 at 10:30 AM EDT
NEW YORK, April 28 (Reuters) - The most junior investors in US Collateralized Loan Obligation (CLO) funds will try to boost their flagging returns by forcing managers into expensive refinancings. Managers that do not co-operate may have their fees cut or lose control of their funds in the worst case scenario, souces said.
