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U.K. property developers and institutional property investors are buying put options on the Halifax House Price Index to protect against a drop in U.K. property prices.
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Wolfgang Stolz, European head of risk management products at UBS in Frankfurt, has left the equity derivatives group.
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Bond specialists in Europe believe the market now has a chance to get back on to a stable footing, after the release of Ford and General Motors' first quarter results and US inflation data this week cleared the air of much of the volatility that has infected it for the last month.
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Deutsche Bank has hired Michael Henriques, v.p. and co-head of the collateralized debt obligation group at Goldman Sachs, as a managing director in its New York special situations group.
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Anthony Clemente left his role as head of the bank loan and global CDO group at INVESCO Senior Secured Management last Wednesday.
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Stephen Weiss, managing director in high-yield research at Bear Stearns, started last week at Banc of America Securities as managing director and senior media and cable analyst.
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The Bankruptcy Abuse Prevention and Consumer Protection Act 2005 will have a profound impact on Chapter 11 cases, including the trading and valuation of bank debt and trade claims.
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Mark Mothner, agency trader at Banc of America Securities, joins Merrill Lynch later this month in a similar role.
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Bear Stearns bought $120 million of MachGen's bank debt last week from Citigroup at 97 1/2 as rumors emerged that K-Road Ventures is in talks with lead creditor Société Générale to buy the assets.
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J.P. Morgan, Goldman Sachs and Lehman Brothers are leading an $875 million credit facility to fund The Carlyle's Group's $1.6 billion acquisition of Verizon Hawaii.
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Commercial mortgage-backed deals, ones from Germany and synthetic offerings, are seen as the top growth areas in Europe for the coming year, according to a poll of conference attendees.
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John Bolduc, co-head of Bayside Capital, discusses special situations in the lower-middle-market and restoring troubled companies to their former glory.