Wharton Asset Management, the asset-backed securities specialist, has appointed Simon Burton as collateralised debt obligation (CDO) manager. Burton joins from BlueBay Asset Management, a rival specialist manager, where he was a CDO product manager responsible for the company's structured products business. The new hire comes ahead of a planned launch of the firm's latest €2bn ($2.5bn) CDO fund. Burton will be responsible for developing for the modelling and compliance of the Wharton's funds.

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