Investors switch on to synthetic CDOs

News

Last month saw the launch of a series of actively managed synthetic collateralised debt obligations (CDOs), proving that there is still investor appetite for the structures despite the number of downgrades in the sector.

Baring Asset Management got the ball rolling with the successful launch of its first managed synthetic CDO.

The private transaction, named Daedalus, was structured and placed by Merrill Lynch. The synthetic structure of the transaction means that investors can buy exposure to

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