Fixed-income investors in the current market environment frequently struggle to balance yield generation and credit safety. In a recent webinar with TMX VettaFi, John Kim, CEO of Reckoner Capital, explained why collateralized loan obligations (CLOs) offer an institutional rating arbitrage that remains largely unmatched in structured credit.
The structured credit landscape has evolved rapidly, we believe making structural flexibility and portfolio optionality imperative for modern income investors. That said, collateralized loan obligations (CLOs) have historically offered compelling yield premium potential over traditional bond options like corporate debt.
In an investment landscape increasingly crowded by ETF generalists, Reckoner Capital stands apart through a singular focus as an active credit manager. Their investment philosophy is rooted in a fundamental principle of serving as a dedicated collateralized loan obligation (CLO) specialist rather than a generalist manager.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BS Barrett Schultz Ashton Thomas Securities LLC | 16,350 | $408,754.38 | $409,485.75 | $731.37 | 0.18% |
| LGP Larry G. Peery II Magnolia Private Wealth LLC | 14,863 | $373,656 | $372,466.78 | -$1,189.22 | -0.32% |