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Manager replacement for ABS CDOs
Aventine Hill Capital is set to replace Terwin Money Management as asset manager on the Cascade Fund...
Job Swaps 22 July 2009 -
EODs for SF CDOs
Moody's has withdrawn its ratings on 426 classes of notes issued by 60 SF CDOs. The tranches affecte...
News Round-up 22 July 2009 -
Minimal CIT ratings impact on IG CSOs
A credit event by CIT Group would have a minimal impact on investment grade ratings of synthetic CDO...
News Round-up 22 July 2009 -
Loan mods unlikely to impact CDO's liabilities
Two recent loan modifications to collateral assets from ARMSS 2004-1 are not expected to adversely i...
News Round-up 22 July 2009 -
US manager to take on seven CDOs
Alcentra NY is expected to become replacement collateral manager on seven CDOs. The CDOs under consi...
Job Swaps 22 July 2009 -
Positive trend continues for hedge fund index
Both gross and net monthly returns for May 2009 in the Palomar Structured Credit Hedge Fund (SC HF)...
News 15 July 2009 -
European SROC figures reported
S&P has taken credit watch actions on 141 European synthetic CDO tranches, following its mon...
News Round-up 15 July 2009 -
SF CDOs downgraded on EODs
Moody's has downgraded to single-C the rating of 56 tranches contained within 41 US structured finan...
News Round-up 15 July 2009 -
CRE CDO delinquency index increase to continue
The June 2009 Fitch CREL CDO delinquency index has increased to 8.2% from 7.9%. While this appears s...
News Round-up 15 July 2009 -
CIT under pressure
SME financing company CIT is struggling to avert bankruptcy, according to numerous reports. ...
Job Swaps 15 July 2009 -
Final enhancements to Basel 2 released ...
The Basel Committee on Banking Supervision has approved a final package of measures to strengthen th...
News Round-up 15 July 2009 -
TruPS CDOs rating pressure continues
Recessionary pressures continue to weigh on US financial institutions, which in turn will continue t...
News Round-up 15 July 2009 -
Raft of new hires for structured products team
Henderson Global Investors has made a number of appointments to its structured products team. Jim Ir...
Job Swaps 15 July 2009 -
Continued Asia downgrades due to CMBS
Downgrades of Fitch-rated Asia Pacific structured finance tranches were up almost ten-fold in 2008,...
News Round-up 15 July 2009 -
Combined law firm to service securitisation market
Law firms Bingham McCutchen and McKee Nelson are set to combine by 1 August and will offer services...
Job Swaps 8 July 2009 -
CDO software to comply with DTCC guidelines
An enhanced version of Deloitte's CDO Suite product has been released. The new offering supports the...
News Round-up 8 July 2009