New names continued to enter the CDO market last week. While Morgan Stanley is edging in on the launch of EPOCH II, a synthetic CDO, via an FSA wrap, and UBS Warburg is in the market with three mandates totaling approximately $1.2 billion, Aladdin Capital, a newcomer, was in the pipeline with a leveraged loan-backed CDO via Bank of America.

And there's more: Cashel Rock is on the table for UBS Warburg; the $300 million high-yield CBO will be managed by Allied Irish's New York-based U.S. high-yield group. UBSW, along with joint lead Soc Gen, is also working on Diversified Global Securities, a $300 million fully funded cashflow CDO for UBSW Principal Finance.

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