Eaton Vance opened an office in London headed by John Redding, portfolio manager. It had acquired about $500 million of European assets through the primary and secondary markets since entering the market at the start of 2005. [The firm closed Eaton Vance CDO VII, which was split between 50% U.S. loans and 50% European loans in April. Redding anticipates the firm will continue to split assets 50-50 between U.S. and European loans for additional CLOs.]
One Year Ago In The Credit Markets
