PT  - JOURNAL ARTICLE
AU  - Laurie S. Goodman
AU  - Phillip Millman
TI  - Evaluating CDO Equity Tranches
AID  - 10.3905/jai.2001.319020
DP  - 2001 Dec 31
TA  - The Journal of Alternative Investments
PG  - 47--54
VI  - 4
IP  - 3
4099  - https://pm-research.com/content/4/3/47.short
4100  - https://pm-research.com/content/4/3/47.full
AB  - CDOs have grown to be an important part of the asset-backed securities market, accounting for some 15% of new issuance. In this article we look at where CDO equity cash flows come from and how to evaluate them. We then do a brief review of relative attractiveness of equity cash flows backed by different collateral.