The recent ruling from a District of Columbia court of appeals releasing asset managers issuing Collateralized Loan Obligations (CLOs) from a costly obligation will not have a negative effect on European CLO issuers, according to the CEO of Danish-based asset manager Accunia.
The US court ruled that asset managers issuing CLOs in the US are no longer required to contribute five percent of the value of the issue at their own expense.
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2 advokater/jurister med interesse for den finansielle sektor søges til PenSam