Morningstar and Houlihan Lokey to Launch Daily Valued CLO Index Suite

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โดย Business Wire·Read original
Summary · why it matters

Morningstar and Houlihan Lokey are collaborating to launch a new suite of daily valuation indexes for the collateralized loan obligation market later this year. The Morningstar Houlihan CLO Indexes will combine Morningstar's index design and governance with Houlihan Lokey's valuation framework and credit market expertise to provide reliable benchmarks in the rapidly expanding CLO market, which has grown to more than $1.5 trillion in assets and could exceed $3 trillion by 2030. The indexes aim to improve transparency and consistency in a market where the availability of frequent pricing and benchmarks has not kept pace with growth. Sanjay Arya, head of innovation for Morningstar Indexes, said the collaboration addresses a clear investor need and will bring more transparency to private markets, while Dr. Cindy Ma, managing director and global head of portfolio valuation and fund advisory services at Houlihan Lokey, noted that data, transparency, and advanced analytics are becoming critical competitive differentiators for investors.

Impact on stocks 2

Financials▲ · 2 stocks
Houlihan Lokey Inc
HLI
▲ PositiveCapitalrelevance

Houlihan Lokey is a named collaborator in launching the CLO index suite, which showcases its valuation expertise and could drive demand for its advisory services.

Morningstar Inc
MORN
▲ PositiveCapitalrelevance

Morningstar is a named collaborator in launching the CLO index suite, expanding its index offerings and reinforcing its role in private market transparency.

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