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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Thornburg Mortgage made revisions today to its previously projected loss estimates for the third quarter, initially made in August.
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Bear Stearns has strengthened its Japanese fixed income effort by hiring Takashi Hatta and Kotaro Fukudome as senior managing directors and co-heads of fixed income sales in its Tokyo office.
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Private equity and investment giant TPG is looking to capitalize on the subprime meltdown by raising a distressed credit fund to scoop up distressed debt and bank loans.
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The key sectors most at risk of job slashes in the City are securitization and private equity, say economists at the Centre for Economics and Business Research, who believe approximately 6,500 city jobs will be culled in 2008 as a result of an economic slowdown caused by the subprime crisis.
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Credit heads in Asia are saying in the wake of the summer credit crunch, structuring products is becoming a “search for really good assets.”
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Sam Vulakh, formerly of New York-based hedge fund firm Panton Capital, has formed Lincoln Park Asset Management and is preparing to launch its maiden hedge fund.
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ACA Capital has rejiggered its senior management. The asset manager has named James Rothman head of asset management.
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JPMorgan has made four senior hires in its French and Italian real estate structured finance business, snagging all the new players from ABN Amro.
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Morgan Stanley will be laying off 500 employees in the United States and 100 employees in Europe, including 90 from its UK mortgage division, Advantage, as it restructures its residential mortgage business.