A more mature market basking in the benefits of increased transparency. The birth of fluid, secondary trading. Fresh new asset types and improved structures. These were the mantras of IMN's annual New York-based CDO conference last week.
With FIN 46 concerns now off the hot plate, the market homed in on increased diversification among investor types, the continued development of the secondary market, CDO manager fees, decreased spread charges from monolines and finding arbitrage in the wake of spread tightening this year.