# Morgan Stanley arranges €4bn-plus synthetic CDO

The CDO is unusual as it is one of the largest this year, containing an equity portion of about €100 million. It will need to be very well diversified, said a credit structurer at a rival investment bank.

“It’s a big job for two young guys,” said another, referring to John Weiss and David Peacock that Cheyne recently hired from Goldman Sachs. But Peacock and Weiss will draw on Cheyne's existing expertise in the area - the investment boutique has been active in two other large CDO issues.

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The week in Risk.net, February 10-16 2017