PT - JOURNAL ARTICLE AU - Edwin Wilches AU - David Cao AU - Richard Hill TI - Research Analyst Perspectives: <em>Finding</em> <br/> <em>Relative Value in the CLO Market</em> AID - 10.3905/jsf.2013.18.4.198 DP - 2013 Jan 31 TA - The Journal of Structured Finance PG - 198--200 VI - 18 IP - 4 4099 - https://pm-research.com/content/18/4/198.short 4100 - https://pm-research.com/content/18/4/198.full AB - This panel covered how collateralized loan obligations (CLOs) are similar or different from collateralized debt obligations (CDOs) and other ABS products, the inherent CLO liquidity premium, how value is analyzed across a CLO’s capital structure, how to distinguish between values in the primary (new issue) and secondary CLO markets, whether various CLOs today seem rich or cheap, risks related to differences in CLO documentation across different deals, and how CLO equity compares to other alternative investments.TOPICS: CLOs, CDOs, and other structured credit, asset-backed securities (ABS)