"...your average $3-to-4 billion CLO manager doesn't have the resources to be able to participate in the new market, so you are going to see an ongoing consolidation"
Joe Moroney, Apollo Capital Management, Total Securitization, August 19, 2010
With over 100 CDOs having a change of manager so far this year and more likely in the aftermath of the Dodd-Frank requirements for registration and increased oversight, join us for our next GFMI teleconference for a discussion of the material legal aspects of these transactions, led by our partners, Ed Davis, Paul Forrester and Stephanie Monaco, who have been involved in several such transactions.
Of Related Interest
SEC Adopts Amendments to its Investment Adviser Registration Form
Massive Whistleblower Incentives Included in New Wall Street Reform Law
The Dodd-Frank Wall Street Reform and Consumer Protection Act
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.