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Paris-based Crédit Agricole Asset Management, a shop running EUR355.1 billion (USD418 billion) in assets, is keen to add more structured credit funds to its management portfolio.
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Dominic Powell, head of the collateralized debt obligation investment solutions group at Henderson Global Investors in London, has left the company.
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HSBC last week closed a synthetic collateralized debt obligation in Australia with a bonus payment linked to a first-to-default basket, which the firm says is a first-ever.
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HSBC in London last week launched its first equity-linked investment product combining both an annual income coupon and growth on capital invested.
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Merrill Lynch is planning to bulk up its commodity derivatives business in Asia, which it set up earlier this year, with a wave of hires in the next few months.
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--Anne Wrobel a director at Financial Security Assurance in London, commenting on the increased competition monolines face from dealers selling protection on super senior tranches.
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The price of protection on U.K. retailer Marks & Spencer ground tighter last week off the back of its first half profits, which came in ahead of expectations. -
The Black Scholes option pricing model assumes stock prices are lognormally distributed.
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Merrill Lynch has hired Rory Hill, v.p. and equity derivatives trader at Nomura in London, in a similar role.
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The U.S. dealer-led CDS on ABS pay-as-you-go template has emerged as investors' preferred documentation on both sides of the Atlantic.
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SG Corporate & Investment Banking is planning to build up its nascent hedge fund sales business in Asia with additional hires in the coming months.
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U.S. investors, searching for yields on a flat curve, are turning to longer-dated collateralized debt obligations for greater relative value.
