The London arm of Gulf International Bank recently kicked off its fourth high yield collateralized bond obligation, and is looking to launch a European junk CBO as its next move in the asset class, GIB portfolio manager Ken Barker said.

Effective last week, the $300 million Falcon IV Collateralized Bond Obligation is 100% invested in dollar denominated high yield corporate bonds, 20% of which have been issued by European companies.

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