The fastest growing sector of the asset-backed securities market is the collateralized debt obligation (CDO) market. CDOs are securities backed by a pool of diversified assets and are referred to as collateralized bond obligations (CBOs) when the underlying assets are bonds and as collateralized loan obligations (CLOs) when the underlying assets are bank loans. Investing in Collateralized Debt Obligations covers not only the fundamental features of these securities and the investment characteristics that make them attractive to a broad range of institutional investors, but also the tools for identifying relative value. Nearly a dozen of today's best known analysts discuss emerging market CBOs, relative value frameworks, pricing strategies and techniques, and more.
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Editorial Reviews
Review
"Frank Fabozzi's series is the gold standard for investment reference books. Always topical and often influential this is the first place I send students or practitioners when they want to get up to speed on a new area." (Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT)
"The Fabozzi series provides the ultimate educational encyclopedia for the global debt capital markets. Each day, billions of dollars of debt securities trade around the world according to the principles clearly and comprehensively explained in this unrivaled series dedicated to the advancement of our knowledge-based profession." (Jack Malvey, Managing Director, Chief Global Fixed-Income Strategist, Lehman Brothers)
"When in doubt, you can always look it up in a book by Frank Fabozzi. Fabozzi, who's not called the Prolific Professor for nothing, has written or edited dozens of textbooks on investing--all rock-solid, for advanced investors only." (Jason Zwieg, Money.com)
From the Publisher
"Frank Fabozzi's series is the gold standard for investment reference books. Always topical and often influential this is the first place I send students or practitioners when they want to get up to speed on a new area." (Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT)
"The Fabozzi series provides the ultimate educational encyclopedia for the global debt capital markets. Each day, billions of dollars of debt securities trade around the world according to the principles clearly and comprehensively explained in this unrivaled series dedicated to the advancement of our knowledge-based profession." (Jack Malvey, Managing Director, Chief Global Fixed-Income Strategist, Lehman Brothers)
"When in doubt, you can always look it up in a book by Frank Fabozzi. Fabozzi, who's not called the Prolific Professor for nothing, has written or edited dozens of textbooks on investing--all rock-solid, for advanced investors only." (Jason Zwieg, Money.com)
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0 of 4 people found the following review helpful:
5.0 out of 5 stars
Very high quality book - buy it,
By A Customer
This review is from: Investing in Collateralized Debt Obligations (Hardcover)
This is an excellenbt book on CDOs and has recently been bettered still by Ms Goodman's newest book on CDOs. I am pleased to publicly state that it is excellent, I have bought a copy and I recommend it highly.
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Inside This Book
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First Sentence:
Market value deals are special purpose vehicles (SPVs) designed to purchase and actively manage a diversified pool of financial assets for the benefit of debt and equity investors (see Exhibit 1). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
domestic high yield bonds, minimum net worth test, higher advance rates, market value deals, debt tranche, collateral portfolio, mezzanine securities, collateral pool, high yield loans, cash flow deals, reinvestment period, market value transactions, sponsor bank, rated notes, diversity score, collateral manager, first loss position, mezzanine classes, net worth tests, cash flow transactions, equity tranches, senior notes, domestic bank loans, funded structure, rated tranche Key Phrases - Capitalized Phrases (CAPs): (learn more)
Moody's Investors Service, Banc of America Securities, Used With Permission, Morgan Stanley, Deutsche Bank, First Union Securities, Poor's Corporation, Alliance Capital Mgmt, Managing Director, Credit Suisse First Boston, Target Level, Trust Company of the West, Blue Stripe, Clinton Group, Cost of Class, Data Sources, Latin American, Note Spread, Note Yield, Structured Finance Group, Year Avg, Yield Spread Comparison, Equity Inv, Global Credit Research, Moody's Investor Service New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Market value deals are special purpose vehicles (SPVs) designed to purchase and actively manage a diversified pool of financial assets for the benefit of debt and equity investors (see Exhibit 1). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
domestic high yield bonds, minimum net worth test, higher advance rates, market value deals, debt tranche, collateral portfolio, mezzanine securities, collateral pool, high yield loans, cash flow deals, reinvestment period, market value transactions, sponsor bank, rated notes, diversity score, collateral manager, first loss position, mezzanine classes, net worth tests, cash flow transactions, equity tranches, senior notes, domestic bank loans, funded structure, rated tranche Key Phrases - Capitalized Phrases (CAPs): (learn more)
Moody's Investors Service, Banc of America Securities, Used With Permission, Morgan Stanley, Deutsche Bank, First Union Securities, Poor's Corporation, Alliance Capital Mgmt, Managing Director, Credit Suisse First Boston, Target Level, Trust Company of the West, Blue Stripe, Clinton Group, Cost of Class, Data Sources, Latin American, Note Spread, Note Yield, Structured Finance Group, Year Avg, Yield Spread Comparison, Equity Inv, Global Credit Research, Moody's Investor Service New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 1
book:
2
books
cite this book:
- Real Estate by Rh Value Publishing in Front Matter, and page 56
- Credit Risk Pricing Models: Theory and Practice (Springer Finance) by Bernd Schmid in Back Matter
- Modeling Derivatives Applications in Matlab, C++, and Excel by Justin London on page 180
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