CLO collateral manager
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Dec 1, 2022 by Tom Majewski · across every show →
Everything said about CLO collateral manager, oldest first
Dec 1, 2022 negative
Majewski: CLO collateral managers cannot be removed absent gross negligence
“Absent capital C cause gross negligence, you can't remove a collateral manager. You can always sell your security. By and large, the vast majority of CLOs Have these ironclad contracts, which in a private equity fund or a hedge fund would not be tolerated.”