As a value investor in the corporate credit market, we are frequently asked, “in this low default environment, what are you working on?” Fortunately, I came across an article today, that clearly shows what we are working on. Just goes to show you that default...

There is a great article that Bloomberg posted just before the holiday titled “CLOs Cracked Like No Other Market. So Now What?” By Brian Chappatta. In a nutshell the article points out that the prices on the double B tranche for CLOs fell to the lowest level in more...