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Sancus Capital’s Chernova pioneers a new way forward for CLO refinancing

(Opalesque) Investor interest in CLOs is on the rise and Olga Chernova, Founder and CIO at Sancus Capital Management is working to make the market more transparent. Alongside her work at Sancus, Chernova developed a process that is designed to make CLO refinancing easier and open to more market participants. The process, called ‘applicable margin reset’ (AMR) uses a modified dutch auction to set a new interest rate for eligible CLO securities.

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