Flexible structure for first-time manager

RBS is in the market with the €290m PDM CLO I transaction. The deal comes at an interesting time, g...

Financials battered as losses continue

Financial names included in the iTraxx/CDX indices suffered unprecedented widening over the last we...

The latest company and people moves

Citi...Last Sunday, 4 November, Citi formally announced what had been anticipated for some days – s...

A round up of this week's structured credit news

Further SF CDOs placed on negative watch Following a comprehensive global review of the 431 Fitch-...

Lack of certainty over whether 'summer shock' has morphed into full-blown crisis

Now that CDO event-of-default notices have begun to appear as a result of rating agency downgrades,...

Interest shortfalls widely expected as CDO downgrades continue

Overcollateralisation tests are increasingly coming under pressure as the rating agency CDO downgra...

The latest company and people moves

ABS CDO team cut Following on from its 17 October announcement of poor results, JP Morgan said tha...

Investors step up call for transparency in losses and valuations

A general feeling of investor frustration pervaded the European CDO Summit in Monte Carlo last week...

New hedge fund to focus on synthetic CDO equity

Credit-specialist asset manager Credaris is preparing to launch an Irish-regulated hedge fund that...

A round up of this week's structured credit news

SIVs defaultThe Cheyne Finance and Rhinebridge SIVs have been downgraded to single-D, as the operat...

The latest company and people moves

Bonus doubts revealed London-based headhunters Credent polled 240 front office credit market profe...

The latest company and people moves

Heads keep rollingDetails of banks' credit-related losses continued to emerge over the past week, s...

Value in super-senior tranche pricing

BlueMountain Capital Management has launched a new closed-end hedge fund aimed at capitalising on re...

Latest sub-prime rating actions could lead to multi-notch CDO downgrades

2,506 RMBS tranche downgrades by Moody's late last week indicates a bleak outlook for 2006/7 vintag...

Alignment of structure and collateral crucial for US CRE CDO growth

Arrangers report that they have begun working on new US CRE CDOs with the intention of getting them...

A round up of this week's structured credit news

BBA paper sets out credit crunch lessonsA worldwide targeted review of financial regulation will he...