BarCap launches managed CCO

Barclays Capital has launched Everest I, a managed version of its collateralised commodity obligation (CCO) that was offered as a static investment in December 2004. The product is being marketed to institutional investors globally with TCW Asset Management, which is responsible for selecting the portfolio and managing the CCO.

“Moving from a static to a managed product is the next logical step for the development of the CCO. With an increasing number of investors looking for portfolio

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