(Reuters) - Non-bank investors "have gone from supporting players to leading actors in the leveraged loan market," analysts Steven Miller and Robert Polenberg co-wrote in the April 2007 report.
The volume of collateralized loan obligations, or CLOs, almost doubled last year to a record $97 billion from $53 billion in 2005, according to data from JP Morgan Chase & Co. and Merrill Lynch & Co.
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