Salient to Investors: Citigroup said pension funds bought 8% of the top-rated US CLOs, which slice high-yield loans into securities with varying risks , and 7% of the riskier mezzanine notes in Half1, 2015, versus minimal amounts a few years ago. Pension purchases accounting for 26% of new top-rated debt in
READ MORE... →Salient to Investors: Thomson Reuters said US junk bond funds had the biggest withdrawal last week since a record withdrawal during the first week of August, bringing the net amount redeemed in 2014 to $15.6 billion. Lipper said leveraged loans had their 12th straight week of outflows, bringing the total for
READ MORE... →Salient to Investors: The $1 trilli0n unregulated market for leveraged corporate loans – from $35 billion in 1997 – poses a growing threat of gridlock in a downturn when investors expect to get their money back. Beth MacLean at Pimco said one single retail fund unable to meet redemptions would have a
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