Structured ratings

In the second part of Hedge Fund Review's look at the newest way to raise capital, Moody's explains its ratings process for collateralised fund obligations

The market for collateralised debt obligations (CDOs) has experienced rapid growth since the mid-1990s. The advent of the collateralised fund obligation (CFO) is one of the latest advances whereby the underlying collateral comprises shares in a fund of hedge funds, instead of high-yield corporate bonds or bank loans.


Moody's Investors Service rated its first CFO transaction, Man-Glenwood Alternative Investment Strategies I, in June 2002. Moody's rated a second, Diversified Strategies CFO, SA

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here