TY - JOUR T1 - Evaluating CDO Equity Tranches JF - The Journal of Alternative Investments SP - 47 LP - 54 DO - 10.3905/jai.2001.319020 VL - 4 IS - 3 AU - Laurie S. Goodman AU - Phillip Millman Y1 - 2001/12/31 UR - https://pm-research.com/content/4/3/47.abstract N2 - 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. ER -