Singapore's Straits Lion Asset Management, with over SGD13 billion (USD7.42 billion) under management, is currently in talks with several investment banks in regards to investing in synthetic collateralized debt obligations. "Everyone's been knocking on our door," said Teresa Chan, marketing manager. The firm is looking to invest in another CDO before year end, but Chan declined comment on the details of possible transactions.
"We've got a whole bag of criteria," said Chan, noting that it looks at such factors as pricing, yield, and diversity when selecting deals.
The credit derivatives market in Singapore has been heating up this year with prominent end users such as United Overseas Bank (DW, 5/4) and Pacific Asset Management (DW, 7,20) looking to become more involved.
