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abusch@rosemontseneca.com

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2011-01-25 13:46:19

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Chuck Harple <charple@att.blackberry.net>

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Chuck Harple <chuck@mmathisgroup.com>

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Hunter Biden <hbiden@rosemontseneca.com>

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Michael Mathis <mike@mmathisgroup.com>

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Monroe Capital...
Arlene Busch
202-333-1880
Abusch@rosemontseneca.com

-----Original Message-----
From: "Theodore L. Koenig" <tkoenig@monroecap.com>
Date: Mon, 24 Jan 2011 20:21:53
To: Arlene Busch (abusch@rosemontseneca.com)<abusch@rosemontseneca.com>
Subject:

Hi Arlene,

Fyi, when I met with Ariel last week I gave them the following information for their board presentation. Most of it came from Barclays Capital.

1. $3 billion of new money flowed out of money market accounts in the month of December, 2010 into retail leveraged loan funds. That is on top of $16 billion in all of 2010.
2. That number compares with $4.6 billion for the entire year of 2009 and $13 billion which went into retail high yield accounts in 2010.
3. Retail accounts for approximately 10% of the overall institutional market.
4. Prudential and Nuveen recently announced that they were starting funds focused on leveraged bank loans-adjustable rate senior and junior debt.
5. Pimco recently announced it was launching a senior floating rate debt fund.
6. Bill Gross of Pimco exclaimed that 2011 will be the year of "floating rate instruments"

Best,

Ted

Theodore L. Koenig

President & CEO

Monroe Capital LLC

311 S. Wacker Drive

Suite 6400

Chicago, IL 60606

Direct Phone: 312-523-2360

Fax: 312-258-8350

Email: tkoenig@monroecap.com

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