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CDO issuer to liquidate
BlackRock's New York-based REIT, Anthracite Capital, has filed a voluntary petition for relief under...
Job Swaps 17 March 2010 -
Trups CDO defaults reach 11%
Fitch says two more bank failures last month increased default rates within US Trups CDOs to 11%. Ov...
News Round-up 17 March 2010 -
CRE CDO delinquencies to continue climbing
Asset managers extending loans and disposing of troubled assets resulted in a slight decrease in US...
News Round-up 17 March 2010 -
Lehman vet joins asset manager
GoldenTree Asset Management has appointed Tom Humphrey as a partner and member of its executive comm...
Job Swaps 17 March 2010 -
Euro CLOs hit by criteria change
S&P has lowered its credit ratings on 122 tranches in 21 European CLO transactions. All of t...
News Round-up 17 March 2010 -
Asset manager expands credit, distressed capabilities
Alternative asset manager Kohlberg Kravis Roberts & Co (KKR) has reorganised its KKR Asset M...
Job Swaps 17 March 2010 -
Broker bolsters structured credit platform
PK Jain has joined Advisors Asset Management (AAM) as md and head of structured credit and mortgage...
Job Swaps 17 March 2010 -
Duo hired for new structured credit desk
Agency broker Mint has hired David Ezra and Bruno Choumon to run a new structured credit and illiqui...
Job Swaps 17 March 2010 -
Secondary equilibrium
Appetite for CDO liquidations to continue
The US CDO market looks set to continue trading sideways for the remainder of this year as investors...
News Analysis 17 March 2010 -
Transition trends
Andrew South, senior director at S&P, notes that market volatility led to varying ratings be...
In 2009 the severe economic recession and the ongoing rationing of credit to both corporate and hous...
Talking Point 17 March 2010 -
SIV-lite ratings withdrawn
S&P has withdrawn its credit ratings on all of Duke Funding High Grade II-SEGAM I's notes. B...
News Round-up 10 March 2010 -
Dante ruling strikes again
Five notes from two synthetic CDOs (Elva Funding and Rembrandt I Synthetic CDO) have been placed on...
News Round-up 10 March 2010 -
Tepid response to CSO tender offer
A tender offer announced last week by Deutsche Bank for six outstanding series of notes issued by As...
News Round-up 10 March 2010 -
Illiquid asset advisory formed
Stifel, Nicolaus & Company has expanded its capital markets platform through the creation of...
Job Swaps 10 March 2010 -
CDO EOD volume expected to moderate
Mezzanine and subordinated tranches are now representing a much larger percentage of total CDO BWIC...
News Round-up 10 March 2010 -
Uncertain future
New Basel 2 rules to thwart CSO return?
FTDs, TRS, index tranches and leveraged baskets of names without tranching are all seeing renewed in...
News Analysis 10 March 2010