Convergence call

Convergence call


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Hybrid CLOs to gain traction?

Synthetic CLOs represented the great hope of the market at the beginning of 2008 (see SCI issue 67), but concern about synthetic technology has so far stymied growth. Now, analysts suggest that a more palatable play could come in the form of hybrid CLO structures.

The concept of bespoke hybrid portfolios comprising cash loans and LCDS appears to be garnering some interest from the more adventurous tranched LCDX and IG CDO players.

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