J.C. Flowers teams with CSAM for CLO investment fund

August 9, 2016 4:38 PM

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NEW YORK Aug 9 J.C. Flowers Asset Management has teamed with Credit Suisse Asset Management (CSAM) to raise a fund that will invest in the mezzanine and equity tranches of US and European Collateralized Loan Obligations (CLOs), according to a letter sent to investors last month.

The price of an index that measures the total return of CLO mezzanine debt rose to its highest level ever in August, a sign of continuing interest in the funds, which are the largest buyer of leveraged loans. Still, issuance is forecast to fall more than 60% this year from $98.5 billion in 2015 as t...

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