RT Journal Article SR Electronic T1 Evaluating CDO Equity Tranches JF The Journal of Alternative Investments FD Institutional Investor Journals SP 47 OP 54 DO 10.3905/jai.2001.319020 VO 4 IS 3 A1 Laurie S. Goodman A1 Phillip Millman YR 2001 UL https://pm-research.com/content/4/3/47.abstract AB CDOs have grown to be an important part of the asset-backed securities market, accounting for some 15% of new issuance. In this article we look at where CDO equity cash flows come from and how to evaluate them. We then do a brief review of relative attractiveness of equity cash flows backed by different collateral.