Investment manager Aladdin Capital Management, which has issued four CLOs, a high-grade CDO and one synthetic transaction to date, will soon begin purchasing structured finance product in order to start a relative value opportunity fund as well as begin issuing CDOs backed by ABS and CMBS.

Aladdin already manages roughly $3 billion of high-yield bank loans and investment-grade debt. "We hope to make ABS the third leg of our investment strategy," said Joe Schlim, a partner at Aladdin. "Investing in ABS and CMBS offers additional investment opportunities for our clients," Schlim added.

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