Pareto picks web-based administrator for CDO

Pareto Partners, the specialist fixed income and currency overlay asset management firm, has chosen iCDO, a web-based management and adminsitration system, to run its second collateralised debt obligation (CDO).

The Pareto CDO, Flagstone CBO 2001-1, will be using iCDO, developed by Lewtan Technologies, a firm developing technology solutions for the global asset management industry and Deutsche Bank Corporate & Trust Agency. iCDO automates data collection for ratings feeds, pricings and loan characteristics reducing data input time and manual input errors. The system is designed to support multiple collateral types including high-yield bonds, Credit Default Swaps, loans and asset-backed securities.

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