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CDO Market Begins To Shed Jobs: Firms look to shrink CDO teams in stagnant market

After a tumultuous summer in the subprime mortgage market sapped CDO liquidity, market participants are now faced with the challenge of salvaging earnings, which includes trimming down the payroll.

Real Estate Investment Trust Luminent Mortgage Capital recently laid off 30% of its workforce, including Jim Doyle, who headed up...

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