Collateralized loan obligations run by women deliver better returns on average than those run by men, according to an analysis by Citigroup Inc. of data gathered since 2013. A Wall Street Journal article last week reported that female CLO managers tend to create better “par build,” a measurement of growth in the net asset value of loans in CLO portfolios, while male managers pay higher average cash flows to equity investors. But women also do better on a blended metric that measures returns over the life of the investment...

Source: Wall Street Journal February 08, 2019 12:56 UTC