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No respite
Pressure still increasing for CLO managers to consolidate
Optimism in the structured credit market has not alleviated the strain on CLO managers, many of whic...
News Analysis 21 October 2009 -
Investment bank expands in valuations
Houlihan Lokey has hired Kai-Ching Lin to its firm's New York office as an md, specialising in the v...
Job Swaps 21 October 2009 -
Testimony to spark new Bear Stearns claims
Claims against Bear Stearns on behalf of investors in the firm's High-grade Structured Credit Strate...
Job Swaps 21 October 2009 -
Investor outrage at 'improper' Trups offer
Trust Preferred Solutions (TPS), a vehicle affiliated with TPG Credit Management, is reportedly seek...
News 21 October 2009 -
CRE CDO universe under review
Credit fundamentals continue to decline for collateral within US CRE CDOs, according to Fitch. In re...
News Round-up 21 October 2009 -
Economic downturn weighs on Spanish performance
Deteriorating macro-economic conditions in Spain are continuing to weigh on the performance of struc...
News Round-up 21 October 2009 -
Credit deterioration continues in REIT TruPS CDOs
Recent debt exchanges by US REITs, homebuilders and specialty finance companies are symptomatic of f...
News Round-up 21 October 2009 -
CEDO deals hit by distressed exchange
Credit Suisse, as swap counterparty on the deals, has repurchased at a discount and cancelled in ful...
News Round-up 21 October 2009 -
CRE CDO note exchange completed
Gramercy Capital Corp has settled an exchange of US$97.5m of junior subordinated notes due 30 June 2...
News Round-up 21 October 2009 -
Japanese CMBS leads APAC downgrades
Fitch has reported that a total of 119 Asia Pacific tranches (including public, private, internation...
News Round-up 14 October 2009 -
CRE advisory formed
MBH Enterprises has announced the formation of Ventras Capital Advisors, a company that will special...
Job Swaps 14 October 2009 -
Not all repacks eligible for ratings, says Fitch
Fitch has published rating criteria for repackaged senior structured finance notes. A new report det...
News Round-up 14 October 2009 -
Structured credit pros flock to new brokerage
Amias Berman & Co (ABCo) has been granted regulatory approval to commence its international...
Job Swaps 14 October 2009 -
Baby steps
Call for ABS post-trade reporting to be developed sensitively
FINRA announced last week that it intends to expand TRACE to include ABS (see also separate News sto...
News Analysis 7 October 2009 -
Deterioration in EMEA securitisation expected
The performance of many asset classes in the EMEA securitisation sector will continue to deteriorate...
News Round-up 7 October 2009 -
CRE CDO specialist added for special servicing
The Situs Companies has recruited Ginn Downing as director in its rated special servicing group. She...
Job Swaps 7 October 2009