GoldenTree Asset Management’s latest CLO will allow for up to 40% of its holdings to be invested in bonds, a large portion atypical of CLOs.

The $590 million CLO, GoldenTree Credit Opportunities 2012-1, must have at least 50% of its portfolio invested in senior secured loans, senior secured floating-rate notes or other similar investments. But it can have as much as 40% in corporate bonds, second-lien loans or unsecured loans, according to a Moody’s Investors Service report.

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