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BTG Pactual offloads European CLO assets, reports Bloomberg
9 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
10 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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