Hedge funds eye actively managed synthetic CDOs
The revival of the synthetic CDO market is encouraging some firms to pursue actively managed deals, but regulatory hurdles remain
Would-be managers are touting the return of actively managed synthetic collateralised debt obligations (CDOs) after dealers successfully placed an estimated $20 billion of static synthetic deals last year.
"We're certainly staffed to do that business," says the head of corporate credit at an asset manager in London. "The evolution from static to managed deals is the next step. Ultimately, you need to have a manager to really move this to end-investors. I've heard noises of other people looking
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