Washington Square lists Carador fund of CDO equity on LSE

London-based credit manager Washington Square Investment Management has launched a fund of collateralised debt obligation (CDO) equity positions on the London Stock Exchange. The listed fund, called Carador, is aimed at attracting a broader range of investors to the asset class.

"Many investors like the idea of the CDO equity market - they have seen studies highlighting attractive returns, reasonable volatility and very low correlation, but they don't have the resources to analyse transaction