In response to increasing investor demand for collateralized debt obligations (CDOs), Barclays Capital is making a concerted effort to build its presence in that market. Under the umbrella of its fund management arm, Barclays Capital Asset Management (BCAM), the company has already launched one CDO and has two more in the pipeline.

"This reflects from an effort by Barclays Capital to build up its third party asset management business," said Elliot Asarnow, global head of research and credit portfolio at Barclays. "Given our strengths and capabilities in the credit markets and structured products areas, the CDO was the obvious way to raise funds under the asset management arm," he said.

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