According to Simon Gold, “The old adage that a manager is best for either debt or equity seems to have gone out of the window in 2020, as the best-performing managers, for the most part, were proved to be smaller issuers with relatively few CLOs that did a great job of building par. Thus, they benefited from both the junior mezz and equity tranches at the same time. We have been impressed by the most recent cohort of issuers into the Euro CLO market and hope to see more deals and new entrants going forward.”
Confidentiality Notice and Disclaimer
This document is published by ISP Group Ltd., Zurich, for qualified investors only. It is for information purposes only and does not explicitly target any person who by domicile or nationality is prohibited to receive such information according to applicable law.
While ISP Group Ltd. uses reasonable efforts to obtain information from sources which it believes to be reliable, ISP Securities Ltd. makes no representation or warranty as to the accuracy, reliability or completeness of the information. Unless otherwise stated, all figures are unaudited.
This document is neither an offer or solicitation nor a recommendation or advertisement for the purchase or sale of financial products or financials services and does not discharge the recipient from his own judgment.
The development of the values mentioned in this document originates in the past. Past performance is no guarantee for future performance. Each investment bears risks, such as value and profit fluctuations. Investments in foreign currencies may be subject to currency exchange rates.
Particularly, ISP Group Ltd. recommends that the recipient, if need be by consulting professional guidance, assess the information in consideration of his personal situation with regard to legal, regulatory and tax consequences that might be invoked.
None of the information contained on this document constitutes financial advice or analysis within the meaning of the Swiss Bankers Association's Directives on the Independence of Financial Research.