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Seeing Beyond the Complexity
Collateralized loan obligations (CLOs) have been attracting increasing attention as investors broaden their horizons in the search for yield.
While many investors know that CLOs have historically yielded attractive performance versus other fixed income strategies, they may not know the full extent of the benefits – as well as the distinct risks.
With PineBridge’s deep legacy in specialized fixed income, we aim to demystify CLOs for investors considering an allocation to this asset class.
What is a CLO?
Put simply, a collateralized loan obligation is a portfolio of leveraged loans that is securitized and actively managed as a fund. Each CLO is structured as a series of tranches that are interest-paying bonds, along with a small portion of equity.
An Introduction to Collateralized Loan Obligations
Explore our in-depth primer to learn about CLOs – how they work as well as the potential protections, benefits, and risks investors should consider when considering an allocation to this asset class.
Learn About CLOs
CLOs: Benefits and Risks
While many investors know that CLOs have historically yielded attractive performance versus other traditional fixed income strategies, they may not know the full extent of the benefits – as well as the distinct risks.
CLOs: How They Work
CLOs are complex, but well worth understanding. We provide a simple breakdown of how CLOs work, what they’re made of, and how they mitigate risk to investors.
CLOs: Why Now
CLOs have gotten better with age, with enhancements aimed to mitigate structural risk – and they may be especially compelling in today’s higher-for-longer interest rate environment.
CLO Equity: How It Works – and Why It’s Compelling Now
CLO equity may provide significant investor benefits, including the potential for attractive returns, high current income, and persistent cash flows.
In our 18 September webinar, PineBridge CLO market experts provide an overview of the current state and outlook for the CLO market across the US and Europe, leveraged loan supply-demand dynamics, where we are seeing opportunities, and the importance of actively managing credit risk amid growing liability management exercises (LMEs), and more.
On-Demand Webinar: A View From the Tranches: How CLO Market Dynamics Are Shaping Key Convictions
Laila Kollmorgen, CFA, CLO Tranche Portfolio Manager, shares exciting developments across the CLO market and why the asset class is now too big to ignore.
Too Big to Ignore: The Case for CLOs
PineBridge Has a Long History in Specialized Fixed Income
Extensive experience – not only as a CLO manager, but as an investor as well – with senior leadership in place for nearly 20 years, and a team of credit analysts, most of whom have been with us for at least 10 years.*
Consistent investment process informed by rigorous, proprietary credit analysis across sectors and regions.
In fixed income, our multi-billion-dollar portfolio is invested across the spectrum of developed and emerging markets, investment grade debt, leveraged finance, and multi-sector strategies.
*31 December 2021.
Laila Kollmorgen, CLO tranche portfolio manager, explores our in-depth credit analysis and due diligence, as well as experience both issuing and managing CLOs.
What Differentiates PineBridge as a CLO Manager?
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