At The Deal/TMA's Distressed Investing Conference 2008, Robert Contreras of Deerfield Capital Management LLC broke down the differences between CDOs and CLOs, as well as the factors driving turmoil involved with both.
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"CLO liabilities are currently experiencing unprecedented price volatility due to a a variety of factors ... that are largely external to the CLO market itself," said Contreras.
Watch the video for his full insights into both CLOs and CDOs. - George White
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