
 Macro Hive Conversations With Bilal Hafeez
 Macro Hive Conversations With Bilal Hafeez Shiloh Bates on Demystifying CLO Myths
 Dec 8, 2023 
 Shiloh Bates, CIO of Flat Rock Global, discusses everything about CLOs, from definitions to their performance. He shares his career journey, explains cash flow in bankruptcy, and differentiates CLOs from HY bonds. Bates also talks about writing a book on CLO investing and the benefits of reading practitioner-authored books. 
 Chapters 
 Transcript 
 Episode notes 
 1  2  3  4  5  6  7 
 Introduction 
 00:00 • 2min 
 Educational Background and Career Transition to Finance 
 01:35 • 1min 
 Luck, Loans, and the Journey to CLOs 
 03:05 • 4min 
 First in Line: Understanding Cash Flow in Bankruptcy 
 06:53 • 5min 
 The Differences Between CLOs and HY Bonds 
 11:47 • 22min 
 Writing a Book on CLO Investing While Managing Their Day Job 
 33:49 • 2min 
 The Benefits of Practitioner-authored Books and the Importance of Diversification 
 35:58 • 5min 

