CLO manager admits accounting error

A listed credit fund has disclosed that it has been booking income from CLO equity positions incorrectly

Register Free

Sign up to this free service allowing you access to selected news and feature articles plus a weekly email news bulletin

Already a registered user? Click here to login.

 

A PHP Error was encountered

Severity: Notice

Message: Undefined variable: cap

Filename: views/story_view.php

Line Number: 504

Backtrace:

File: /srv/web/cflux/code/application/views/story_view.php
Line: 504
Function: _error_handler

File: /srv/web/cflux/code/application/controllers/Closstories.php
Line: 341
Function: view

File: /srv/web/cflux/code/www/index.php
Line: 292
Function: require_once

This is an online only service and is available free of charge. Creditflux reserves the right to terminate access to the site at any time.

TAGS: KCap

Comment by: Anonymous. Posted 4 years ago [2015-03-18 00:02:04]

This recent miscue seems less pernicious than the 2010 offense. I expect it will bring unpleasant memories if the SEC calls. What's with the auditor, though? Where are they in this story?