PIPE Dreams: Investors Roll Dice With Private Investments
PIPEs help finance public firms, but as investments, their returns are lotterylike.
Source: morningstar.com
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Wall Street Managers Pile Into Closed-End Funds on Discounts
Many individual investors have seen the value of their holdings drop, and are looking to bail out, drawing hedge funds.
Source: wealthmanagement.com
CLOs Are More Popular Than Ever With Institutions. Here's Why.
“People just assumed that anything that started with a C and ended with an O was a toxic asset,” said Oxford Funds’ Deep Maji.
Source: institutionalinvestor.com