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CLOX
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The 0.50% Fee Question: Active CLO Management or Cheap Alternatives
Quick Read CLOZ charges 0.50% to pick BBB-B CLO tranches, delivering 7% yield and 10% annualized returns versus JAAA's 5% at just 0.20%. Active management fees earn their keep in BBB-B CLO tranches where manager and vintage selection drive…
Should Investors Sell Figs as Security Benefit Liquidates its $3.3 Million Position in the Stock?
Key Points Security Benefit sold 565,560 shares of Figs; net position decrease estimated at $3.19 million. The transaction equates to a 1.3% change in 13F reportable assets under management. Security's post-trade stake: zero shares, $0 val…