Collateralized Loan Obligation (CLOs)

CLO Portfolios
Gulf Stream’s management team is amongst the most experienced in the corporate and leveraged loan, credit, and structured finance markets. Since inception, Gulf Stream has raised 10 CLOs totaling over $3.3 billion.

Our Objectives
Gulf Stream uses a top-down investment approach that relies heavily on fundamental research. Gulf Stream believes maintaining a diverse portfolio of positions, as well as using a granular selling approach, are central elements in minimizing risk and creating consistent performance through all market cycles.

How We Manage CLOs
Each CLO functions with a distinct set of investment and portfolio management restrictions contained in an indenture agreement. These restrictions govern many aspects of the portfolio including, for example, levels of portfolio risk (as measured by Moody’s and Standard & Poor’s ratings), measures of portfolio collateral and interest coverage versus the fund’s liabilities, and portfolio reinvestment guidelines. In managing each CLO, Portfolio Management seeks to balance Research-driven investment recommendations with the indenture requirements and specific portfolio objectives.