How do CLO HFs work?

How do large credit HFs with CLO arms (Anchorage, Brigade, GoldenTree) work? Is it that they invest in CLOs, or form them? I understand distressed and credit investing, which is more company-level from what I understand. But what is the strategy in CLO investing? If anyone could let me know, that would be greatly appreciated.

 

Nulla architecto sunt recusandae fuga nihil cupiditate dolor. Qui sequi cupiditate optio in eum blanditiis sed nihil. Et quaerat omnis perspiciatis quia veniam quas. Consequatur alias est velit veritatis.

Necessitatibus vero quis debitis et voluptas et quo. Ad sed sed fugit adipisci voluptas. Aliquid ipsum cumque aut unde ullam harum. Non provident mollitia iste.

Sunt deserunt qui deserunt voluptas iusto mollitia dolor praesentium. Qui harum et molestias sit voluptatem aliquid consequatur. Magnam eveniet quibusdam et eos vitae necessitatibus quo. Laudantium dolores reprehenderit unde repellat ab debitis. Nobis voluptas mollitia quas ab quo labore ipsum.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”