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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 -
New CLO servicing mandate for Avoca
The noteholders of Clio European CLO have voted to appoint Avoca Capital Holdings as replacement por...
Job Swaps 15 July 2009 -
CypressTree acquisition completed
Primus Asset Management, a wholly owned subsidiary Primus Guaranty, has completed its acquisition of...
Job Swaps 15 July 2009 -
MV CLO assumptions changed, ratings on review
Changes in the modelling assumptions for market value CLOs are being implemented by Moody's. The cha...
News Round-up 15 July 2009 -
Trustee seeks to divert collateral account payments
State Street Bank and Trust Company, as trustee on the Cheyne CLO Investments I transaction, has not...
News Round-up 15 July 2009 -
European CLOs stress tested
Fitch says that investment grade European CLO tranches will not suffer losses if the agency's averag...
News Round-up 8 July 2009 -
Sharp drop for recovery rates
Recovery rates on defaulted US bonds and loans have dropped sharply in 2009, averaging just 21.8% an...
News Round-up 8 July 2009 -
Appropriate strategies
Credit spread tightening drives distressed opportunities further afield
Tightening spreads mean that distressed credit investors are, at present, having to look further afi...
News Analysis 8 July 2009 -
Deterioration moderates for Euro CLOs
The performance of European CLO transactions is still deteriorating, but the level of deterioration...
News Round-up 8 July 2009 -
All-time high for loan index default rate
The default rate of the S&P/LSTA Leveraged Loan Index has increased to 9.18% by principal am...
News Round-up 8 July 2009 -
Supplemental risk measures for CLO/CDPC sectors
Moody's has published two reports showing how its supplemental risk measures for structured finance...
News Round-up 8 July 2009 -
Rabobank confirms CLO business handover
Rabobank has assigned the management of four CLOs (Prospero CLO I, Prospero CLO II, Veritas CLO I an...
Job Swaps 5 July 2009 -
Manager retires debt of four CLOs
KKR Financial Holdings has taken certain actions regarding four of its CLO transactions that the com...
Job Swaps 5 July 2009 -
Packman heads to Aladdin
Alan Packman has joined Aladdin Capital Management UK as an md, where he will focus on ABS, CDOs, CL...
Job Swaps 1 July 2009 -
Short-term gains
Loan amend-to-extend negotiations gather pace
Negotiations between issuers and investors over loan amend-to-extend restructurings are expected to...
News Analysis 1 July 2009 -
Boutique adds in high yield
Pali Capital has continued the expansion of its high yield sales and trading team with the hiring of...
Job Swaps 1 July 2009