Managing thousands of bonds under one MBS, ABS,

I've read somewhere under one CDO, CLO there could be thousands of underlying loans , how do Asset managers account for all the changes positive or negative before they sell or buy them. It seems like a very daunting task perfect for junior analysts. 

 
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Theres specific tools for structured finance like Intex, dv01, or example. The servicer provides data tapes and you learn how to manipulate data to find trends. Typically you can comp the remaining loans (if they aren't 'rep' lines) to historical precedent to create curves. CLOs in particular have limits on certain concentrations of industry or rating & tests and triggers to help corral risk. 

 

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