The inherent leverage / risk of their CLO residual equity tranche portfolio has somewhat limited my position. (wexboy.wordpress.com)
The residual equity tranche receives all remaining cashflows, once all other claims have been satisfied. (wexboy.wordpress.com)
Livermore Investments (LIV: LN) hasn't been a core holding for a long time now — I kept a rump position as a substitute (CLO residual equity tranche) investment in light of my continued under - weight of Tetragon Financial Group (TFG: NA). (wexboy.wordpress.com)