S&P: Hedge fund of funds to tap into CDO market

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GLOBAL - Secured debt of hedge fund of funds will be the next hot sector to fuel growth in alternative investments, according to rating agency, Standard & Poor's (S&P).

The sector is a relatively new area of the global market value of collateralised debt obligations (CDOs). According to Christopher Howley, a director at S&P’s structured finance ratings group, t...

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