The US-based alternatives credit firm says the US securitised leveraged loan market is fundamentally healthy, but some investors are still shunning the segment.
Tag : cdo
The downgrade has been triggered by the impact of the credit crisis on Societe Generale Asset Management Alternative Investments' CDO business, senior management turnover, and the impending merger with Lyxor.
From AsianInvestor magazine: Investors may not be enthusiastic about investing in CDOs, but they are interested in investing in a hedge fund that buys and trades the debts and collateral beneath a CDO.
Hedge funds are paddling fast for calmer waters, as other investors sit tight and hope for rescue.