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BTG Pactual offloads European CLO assets, reports Bloomberg
8 years ago
Bloomberg reports that Brazilian investment bank BTG Pactual has sold more than $250 million of European ABS assets this month, as it attempts to raise cash -
Loss rates muddy CMBS/CLO comparisons, says Morgan Stanley
9 years ago
The most junior tranches of CMBS deals provide lower returns than CLO equity under simplistic loss assumptions, but relative value comparisons are complicated, finds Morgan Stanley
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