The evolution will be analysed

Banks have a variety of analytical tools at their disposal to allow them to create optimal collateralised debt obligation (CDO) portfolios and other structured products. One software company, however, believes it is able to outperform traditional methods for optimising CDOs by making use of Darwin's theory of evolution. By Clive Davidson reports


One of the most crucial tasks in putting together a collateralised debt obligation (CDO) is choosing the underlying credits that will be included in the portfolio. Investors often express preferences on individual names, while there are likely to be rating constraints and industry concentration limits imposed by rating agencies. Given these various requirements, it's up to the structurer to optimise the portfolio and achieve the best possible spreads for investors.

A variety of analytical tools

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