"It can be hard to explain to 100 investors that some of the more risky names in a portfolio may experience pain along the way, but a manager can do this thoroughly when it is one-on-one."--Andrew Jackson, credit risk manager at Cairn Capital in London, on bespoke collateralized debt obligations tailored to one investor.
"It can be hard to explain to 100 investors that some of the more risky names in a portfolio may experience pain along the way, but a manager can do this thoroughly when it is one-on-one."
