CLO manager CIFC Corp. is tackling the impending risk retention rule head on.

The rule, which takes effect in December 2016, requires managers of collateralized loan obligations to hold 5% stakes their deals.  This is a tall order for many firms that manage money on behalf of clients but have little balance sheet of their own. It has prompted a number of managers to partner with larger firms or raise money through majority-owned affiliates.

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