Sure aim for Lafayette
The ramp-up of Lafayette Sovereign CDO 1 has been completed, with the purchase of the initial portfolio outperforming initial estimates according to BAREP, the alternative investment management arm of Société Générale.
The US dollar-denominated CDO issue, which was brought to market by BAREP and JPMorgan, is the first emerging market arbitrage CDO to close in 2002, and a first for BAREP as a CDO collateral manager.
“This is an interesting transaction for us.” says BAREP’s head of
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