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Article: The Bold Boutique; Morgan Joseph helps investors value CDOs, CLOs, CMBS and, yes, subprime mortgage bonds.(Structured Finance)(collateralized loan obligations)
- Article from:
- Investment Dealers' Digest
- Article date:
- December 8, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Aleksandrs Rozens
Subprime mortgage debt, CLOs and CDOs may be a minefield for many investment banks and investors, but one boutique firm sees it as a good source of business, especially when it comes to serving as an intermediary between market participants who want to sell the securities and potential buyers.
New York-based Morgan Joseph, co-founded by the former chief executive of Drexel Burnhman Lambert, Frederick Joseph, says it is finding opportunities in the structured products arena."Our affinity for inefficient markets grew out of our high-yield backgrounds," says Joseph, whose firm has expanded its restructuring business and is looking ...