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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