Specialist structured credit funds are set to sell up to $3bn (â¬1.9bn) of distressed assets backing collateralised debt obligations next week, in the freshest round of liquidations to affect the sector that has been at the core of the credit crisis over the past nine months.
According to structured credit investors, CDO managers are preparing to sell securities backed by a range of assets, from auto and student loans to credit card receivables and commercial real estate mortgages, that have been downgraded and plummeted in value.
