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26 Mar 2004

Marcus Klug, managing director at UNIQA Alternative Investments, summed up the problem of downgrades: "Obviously if something goes from triple-A to triple-C, you are screwed."

*Marcus Klug, managing director at UNIQA Alternative Investments, summed up the problem of downgrades: "Obviously if something goes from triple-A to triple-C, you are screwed."

 

*Andrew Irvine, a 10-year veteran of investment banking and recent co-founder of Nova Investment Group in London, was the only man brave enough to answer a delegate's question on why the bid and offer are so far apart on structured credit transactions. "Welcome to investment banking," he quipped.

26 Mar 2004