Ellington’s well-timed strategy shift to CLOs
First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
By
John Hintze
First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
The construction and building sector raises the most concern, but issues should remain manageable.