Why CLOs Matter (Last of a Series)
They’re big, they’re bad, and now that they’re back, the end of the world is upon us. No, we’re not referring to the latest Transformers instalment: Age of Extinction.Though we’re compelled to point out that seems an equally appropriate headline for the obituary so many market observers seem eager to write about CLOs’ demise-by-Dodd-Frank. But just as…