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The CDO revolution continues as market awaits issue backed by hedge fund debt: Other deals backed by munis, even hedge fund managers, also in works

The revolution in collateralized debt obligation instruments just took another turn, as that market awaits the debut of cutting-edge CDOs backed by hedge fund debt and municipal bonds, among other possibilities.

Ferrell Capital Management is now pre-marketing $50 million of unrated junior notes that are in part based on...

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