Investment management firm Babson Capital Management has been selected by the controlling class of investors to serve as successor collateral manager of two CDOs previously managed by Tricadia Loan Management.

Under the terms of the amended management agreement, Tricadia CDO 2005-4 Ltd., with $250 million in assets, is renamed Ashford CDO I Ltd., and Tricadia CDO 2006-6 Ltd., with $330 million in assets, is renamed Ashford CDO II Ltd.

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