TRLPC: Energy-heavy US CLOs trade down in secondary amid volatility
November 13, 2015 at 10:14 AM EST
NEW YORK, Nov 13 (Reuters) - Investors are shying away from US Collateralized Loan Obligation (CLO) funds with high energy holdings and the value of their debt is falling in the secondary market as CLO issuance tumbles in a turbulent environment for the biggest buyers of leveraged loans.