SPMC: Caught In The CLO Credit Cycle Conundrum
2026-01-05 09:34:58 ET
In investing, they often say, the trend is your friend. However, if you have invested in funds that invest in the equity tranches of CLOs (collateralized loan obligations) in 2025, the trend has not been friendly at all. For investors who bought shares of Sound Point Meridian Capital Inc. ( SPMC ) shortly after the IPO in July 2024, they have witnessed a downward price trend that does not instill investor confidence. SPMC, the CEF (closed-end fund) from Sound Point Capital, has Blue Owl Capital and Assured Guaranty as equity partners and holds mostly CLO Equity positions in its fund portfolio....
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SPMC: Caught In The CLO Credit Cycle ConundrumNASDAQ: CCIF
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