NEW YORK - The wave of new structured investment vehicles (SIVs) is shaping up, marked by last week's launch of Stanfield Victoria, the first SIV from Stanfield Global Strategies, which was formed when Stanfield Partners acquired Ceres Capital in January, furthered by an equity infusion from XL Capital.

At least two additional SIVs are slated to begin funding in the next few weeks, according to panelists at last week's ABCP conference hosted by Strategic Research Institute in New York (see story p. 1).

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