Added to YB: 2026-05-27
Pitch date: 2026-05-24
FAIR.L [neutral]
Fair Oaks Income Limited
-1.03%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Fair Oaks Income Limited is a feeder fund launched and managed by Fair Oaks Capital Limited. The fund invests its entire corpus in FOIF II LP and FOMC III LP.
Fair Oaks Income Limited - $FAIR.L
FAIR.L (update): Euro CLO mgr pivoted from US to Europe post-March panic. NAV €4.14, price €3.84 (-7.3% discount vs -11% in March). New €381M CLO VII priced at 130bps vs 182bps mkt avg. Euro CLO equity yields 32.9%, EUR Mezz 10.89%. Defaults 0% YTD, distressed loans fell. Liquidated US warehouse, eliminated FX hedging drag. 10:1 consolidation complete. ~12% dividend yield, 19.3% gross return to call. 9% annualized NAV return since inception.
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