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Jenice Malecki, Arturo Cifuentes' lawyer, commenting after he filed a Sarbanes-Oxley complaint against Wachovia Securities with the Department of Labor over his dismissal.
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David Czerniecki, senior managing director and head of the global collateralized debt obligation platform at XL Capital Assurance, is leaving to take a position at XL Capital Investment Partners.
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DuPont Capital Management sees value in the auto and auto supplier sector, according to Ming Shao, senior portfolio manager of over $500 million in high yield in Wilmington, Del.
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Bond market economists are now predicting the rally in 10-year Treasuries is on its last legs, with last week's jobs report expected to be yet another sign the U.S. economy is gaining steam.
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Fundamental Brokers, one of the major inter-dealers in the bond market heyday of the 1970s and 1980s, is back in play and fixed-income veteran Vinny Griffo, president, is leading the charge.
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-- Greg Habeeb, senior v.p. and senior portfolio manager of $4.5 billion in fixed income at Calvert Asset Management, on John Mack's return to Morgan Stanley's, this time as ceo.
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Calvert Asset Management recently participated in all three classes of the Residential Capital Corp. $4 billion offering, on the view the company offers relative value to other investment-grade financials.
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The narrow difference in yields between investment-grade and high-yield paper may prompt companies on the fringe to take on additional debt and lever up in order to boost disappointing equity performances.
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What's in a Name?
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The head of collateralized debt obligation research at Wachovia Securities was fired after he and the firm came to an impasse regarding the objectivity of his research, according to his lawyer.
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Investors have started jostling for concessions on the institutional debt backing the $11.4 billion acquisition of SunGard Data Systems.