Asset Management  /  Collateralized Swap Obligations

Collateralized Swap Obligations

Primus Asset Management ® and its subsidiaries manage three investment grade collateralized swap obligations (CSOs) on behalf of third parties. CSOs issue securities backed by one or more credit default swaps sold against a diversified pool of investment grade corporate or sovereign reference entities. Primus Asset Management receives fees for its investment management services provided to the five investment vehicles.

Primo

  • Launched in 2006
  • Primarily investment grade corporate credit assets
  • Managed to deal structure

CypressTree Synthetic CDO I, Ltd.

  • Launched in 2005
  • High yield credit assets
  • Managed to deal structure

CypressTree Synthetic CDO II, Ltd.

  • Launched in 2005
  • High yield credit assets
  • Managed to deal structure