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Murray Capital Management is suing Deutsche Bank Securities, alleging it did not disclose the real financial condition of Exide Technologies when it led a private placement for the company in March.

Mirant's bonds traded up 10 points on an upbeat view of the company's performance post-bankruptcy and speculation it could be an acquisition target.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

USD6 billion hedge fund BlueCrest Capital Management has hired David Phitoussi, director and single stock derivatives trader at Merrill Lynch in London, and is reportedly looking to build up a volatility trading business.

Barclays Capital has hired market veteran Hidetaka Nishida, manager in the fixed income and credit trading department at Mizuho Securities in Tokyo, in a new role as a senior trader covering single-name Japanese CDS in Tokyo.

Graham Root, a credit derivatives and asset swap trader at broker BGC International in London, is leaving the firm and market officials have connected him with a sell-side credit role at SG Corporate & Investment Banking.

BNP Paribas in New York will add over a dozen senior derivatives salespeople and traders in the next few months on the heels of hiring Todd Steinberg as deputy head of equities and derivatives for the Americas two weeks ago.

Cheyne Capital Management, a U.K. hedge fund with USD27.7 billion of assets under management, is gearing up to manage its second synthetic collateralized debt obligation of asset-backed securities.

Cheyne Capital Management, the CDO management arm of the Cheyne Capital Group, has hired Alistair Gilmore, a credit derivatives trader at Dresdner Kleinwort Wasserstein.

The credit options market in Europe has grown 10-fold through the end of the third quarter, driven by growing investor preference to take short-term views on underlyings rather than buying a bond or selling credit protection.

The protection on Danish telecom group TDC blew out more than 50 basis points last week after the Wall Street Journal reported a consortium of private equity firms had launched a takeover bid for the company.