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Fair Oaks Income wants to reset as "evergreen" fund to maximise returns to high-yield debt investors
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Fair Oaks Income wants to reset as "evergreen" fund to maximise returns to high-yield debt investors
Fair Oaks Income (FAIR), a £219m investor in high-yield corporate debt known as collateralised loan obligations (CLO), has proposed removing the 2028 maturity date of the master fund through which it invests. Responding to market changes, which had seen CLOs set for longer periods with terms frequently reset and extended, the Guernsey feeder fund said […]
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