CLO Fund’s 50% Tumble Fuels Power Struggle That Spills Into Open

A dispute over control of a $580 million credit fund has escalated into a public proxy-fight, with one side alleging poor performance and the other accusing a “cash grab.” The confrontation centers on competing claims ahead of a proxy vote later this month, likely adding governance and execution risk perception around who will run the fund.

Analysis

A dispute over control of a $580 million credit fund has escalated into a public proxy-fight, with one side alleging poor performance and the other accusing a “cash grab.” The confrontation centers on competing claims ahead of a proxy vote later this month, likely adding governance and execution risk perception around who will run the fund.