Collateralized Debt Obligations: Structures and Analysis

By Douglas J. Lucas, Laurie S. Goodman, Frank J. Fabozzi

Book Overview

Since first edition's publication, the CDO market has seen tremendous growth. As of 2005, $1.1 trillion of CDOs were outstanding -- making them the fastest-growing investment vehicle of the last decade. To help you keep up with this expanding market and its various instruments, Douglas Lucas, Laurie Goodman, and Frank Fabozzi have collaborated to bring you this fully revised and up-to-date new edition of Collateralized Debt Obligations . Written in a clear and accessible style, this valuable resource provides critical information regarding the evolving nature of the CDO market. You'll find in-depth insights gleaned from years of investment and credit experience as well as the examination of a wide range of issues, including cash CDOs, loans and CLOs, structured finance CDOs and collateral review, emerging market and market value CDOs, and synthetic CDOs. Use this book as your guide and take advantage of this dynamic market and its products.

• Format: Hardcover
• Language: English
• ISBN: 0471718874
• ISBN13: 9780471718871
• Release Date: May 2006
• Publisher: Wiley
• Length: 528 Pages
• Weight: 1.70 lbs.
• Dimensions: 1.6" x 6.3" x 9.1"

Customer Reviews

CDO's--From Soup to Nuts (Credit Deriv Analyst)

If you are looking to make some sense of this whole subprime market data, this book is for you. This is a great foundation book. This book is ideally for someone who knows a bit about the business already. I would not advise purchasing this book if you are unfamiliar with the business. There is a lot of jargon that may not be understood. Nevertheless, this book is an excellent resouce. It touches on everything you ever wanted to know about the CDO market and then some. This book is NOT for the expert on CDO. This is more for the afficionado. Enjoy!!! :o)

Excellent Resource

Ms. Goodman's book is a much needed resource on CDOs. If you are just learning about the CDO market, Ms. Goodman clearly defines key terms and explains the structures from beginning to end. Those with extensive Wall Street experience will enjoy having one of the few well-written references available in the market. It is also a good marketing tool to give to potential investors. This is a good comprehensive reference guide.

Essential Reference

It seems oddly convenient that a negative review of the late Marcia Stigum's book, The Money Market, recommends The Repo Handbook by Moorad Choudhry. Ms. Goodman's book has a similar title to a book he has coming out and has been attacked with one star reviews that seem very similar to the attacks on books with similar titles and on Ms. Stigum's book. The envy is easy to understand, since this clearly written book with pleasing type-face is selling well and is a valuable resource.Don't miss the chance to buy this excellent reference work on collateralized debt obligations.

Good treatment of important CDO topics

Each chapter is a useful in-depth lecture on a specific CDO topic without the cheerleading sales pitch that accompanies most street research. There's a reason why Laurie Goodman has four number 1 rankings in the latest Institutional Investor survey.

Good introduction to the CDO market

This well written book provides an excellent introduction to the CDO market. It covers topics of interest to the potential investor in these securities, in an easy to use format.