CLO: The New CDO The collateralized loan obligation, or CLO, is now in vogue within the world of finance. A CLO is a security that consists of loans with similar characteristics. These characteristics can be the dates on which the loans mature, their risk profiles, etc. The CLO have become popular due to the search among asset managers to generate high returns for their … [Read more...] about The CLO, a Derivative of a Great Recession Derivative, Could Cause the Next Crisis