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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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New contracts cannot yet be traded in US
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  • Tiden Capital has increased its short of equity and junior mezzanine tranches of the high-yield CDX by 15-20% via credit default swaps in its Core Master Fund over the past two months.
  • Morgan Stanley launched a one-year auto-callable quarterly review note this week linked to the S&P GSCI Crude Oil Index to a strong response, selling more than USD31.17 million.
  • Sherri Venokur, chair of the derivatives practice group at Lowenstein Sandler in New York City, has left the firm and started a solo practice under the name sVenokur.
  • Florence Ip, head of warrants trading at BNP Paribas in Hong Kong left the firm this week, according to an official.
  • Vikesh Kotecha, Asia head of derivatives trading at Nomura, has left the bank after only taking on the role approximately nine months ago.
  • Barclays Capital has hired Marie-Laure Chandumont as a director in investor solutions focusing on cross-asset structures for insurance companies, a new position.