A risky bet on inflation
Feb 25, 2022
2 minutes
David Stevenson Investment columnist
For someone who likes adventurous ideas, I must admit I’m nervous mentioning collateralised loan obligations (CLOs) in a publication aimed at private investors. These securities are complex, they can be volatile and they are largely held by institutions. They are a high-risk, high-return investment that is the first to get burnt in a crisis.
However, for the most part
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