Managers have leeway even after triggering key person event, finds Ropes & Gray

By Michelle D'souza

Tuesday, October 08, 2019

Almost all credit managers offer protection to investors that key employees will continue to manage the fund’s assets throughout its life, with 95% credit funds containing such "key person clauses". But that does not mean managers have their hands completely tied

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TAGS: Europe High yield bonds People Credit derivatives Leveraged loans North America

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