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Private Equity

Major Investors In Leveraged Loans Are Unloading Big Chunks

by finance.yahoo.com posted 3months ago 57 views
Lord, Abbett & Co. and Eaton Vance Management are among the fund managers selling holdings to meet redemption requests and build up cash reserves, according to people with knowledge of the market, who asked not to be identified discussing a private matter. In just the past four trading days, investors have pulled $2.2 billion from all loan mutual funds and exchange-traded funds. Investors have turned sour on the loans amid a more dovish outlook for upcoming Federal Reserve rate hikes and global economic jitters.

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