Recent market and regulatory events in the world’s financial markets have created challenging conditions for the global hedge fund industry. One way it and others in the alternative funds area have reacted is seizing opportunities brought about by the market dislocations. Collateralised loan obligations (CLOs) were such a chance to get high returns. At one stage many of these assets were selling at as low as 30 or 40 cents to the dollar.
To take advantage of this opportunity, he