GSO builds war chest for CLO equity investments

By Mike Peterson

Wednesday, August 21, 2013

CLO fund's cash holdings rise as it switches investment policy

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Comment by: Anonymous. Posted 10 years ago [2013-08-22 03:09:44]

Rainy day fund?

Comment by: Anonymous. Posted 10 years ago [2013-08-21 11:20:05]

piggy bank

Comment by: Mike Peterson. Posted 10 years ago [2013-08-21 11:14:29]

To clarify, the fund's NAV is $521.4 million, making the 1% increase in cash around $5 million - as now shown correctly above. Thanks to the reader below for pointing this out. Admittedly, $5 million is a little on the low side to qualify as a "war chest". Perhaps readers can suggest a better description.

Comment by: Anonymous. Posted 10 years ago [2013-08-21 10:14:43]

Just to correct something above Carador's holding of cash rose from $4.75m at the end of June to $9.81m at the end of July not the $50m referred to above

CLOs

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