The week leading up to the IMN conference saw only one CDO price as of Thursday, although the Credit Suisse First Boston "CDO sausage factory" (as one German investor client dubbed it) had its sights set at printing another structured finance CDO on Friday with joint-book runner Wachovia Securities: C-Bass CBO III Ltd. December and January are typically sloppy issuance and wide spread months for the CDO market and these past months were no exception. Much of January was spent by dealers getting reds into investors' hands for the mid-February full throttle push to climb the league tables.

For example, CSFB was slated to make certain investors got their reds herings by Friday on Barclays Capital Asset Management's $300 million arbitrage cashflow CLO, Venture CDO 2002 Ltd. This deal's marketing documents were absent any co-manager role from Barclays Capital, said one investor.

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