Re: Jeffrey - can we have a quick chat this am ? [c (09/07/2014)

just giving u broad characteristics of loan funds so that we are on the same page. 1) typical ratings for loans range between single 6 to BBB, the best loan funds concentrate on first lien collateralized senior loans 2) have daily NAV and MIM typically (to clarify these funds are not money market funds where price is par). Redemption liquidity ranges from daily to 90 days depending on fund. 3) spreads still around L + 3%-3.5%, duration close to zero as floating rate product. 4) size we