Investor bids to sack manager over trups CDO payments

By Mike Peterson

Monday, January 18, 2010

A senior investor in a 2005 CDO is bidding to remove the manager, in the latest battle in the increasingly bitter civil war between asset managers in the trups CDO business

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Comment by: Anonymous. Posted 14 years ago [2010-01-19 20:53:52]

The letter also describes an advisory relationship between TPS and StoneCastle that has conflicts. Going forward I think there needs to be diclosure statements that describe these conflicts of interest. This is not an isolated incident and is creating a fetid smell in structured credit land.

CLOs

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