After a two and a half year hiatus, Structured Finance Advisors is plotting a return to the primary CDO market. The Farmington, Conn.-based asset manager is currently talking to underwriters about returning with a static-pool high-grade structured finance-backed CDO, its first new-issue offering since June 2002.

SFA has yet to begin acquiring collateral for its upcoming transaction, said SFA President and Founder Joe Lorusso, but "we should begin acquiring new collateral once a lead manager is named," Lorusso said, which he expects to occur in the coming weeks. Pricing is expected either late in the first quarter or early in the second quarter 2005.

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