Sharad Vohra, CFA, Partner at Astra Asset Management recently spoke with the International Finance Review from LSEG (London Stock Exchange Group) to discuss his thoughts on CLO market dynamics going into 2024.
"It’s been an encouraging start from both a new issue and a reset perspective," said Vohra, "although we continue to be cautious on CLO equity given the run-up in the markets, in particular the underlying loan prices, and think there may be better entry points in CLO equity as new issuance ramps up and the weighted-average cost of debt improves."