"A low correlation means you are spreading your chips across the table and you don't want that."

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"A low correlation means you are spreading your chips across the table and you don't want that."

--Richard Hrvatin, managing director and head of credit risk modeling at Fitch Ratings, explaining why correlation risk is important for CDO investors.

"A low correlation means you are spreading your chips across the table and you don't want that." --Richard Hrvatin, managing director and head of credit risk modeling at Fitch Ratings, explaining why correlation risk is important for CDO investors.

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