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Lee Knight, Asia-Pacific co-head of fixed income at UBS in Hong Kong, is joining the Royal Bank of Scotland in a newly created role as Asia-Pacific head of fixed income, which includes interest rates and credit derivatives.
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The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which became law on April 20, 2005, significantly revises many provisions of the U.S. Bankruptcy Code.
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Equity derivative traders in Asia have noted the resurgence of volatility buyers in the near historical-low level market in recent weeks.
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Andy McConnell, pass-through trader at RBS Greenwich Capital, started this week at BNP Paribas in New York.
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Deutsche Bank's global head of equity derivatives trading is to take on its equity derivatives business in the U.S.
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Mark Kibblewhite, head of corporate risk management and capital markets for Europe at Barclays Capital in London, is due to leave this week after 20 years with the firm.
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A former Zurich Scudder Investments portfolio manager plans to launch a fixed-income arbitrage fund.
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Citigroup won two portfolio auctions totaling $308 million last week.
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A Deutsche Bank-led sale for an automotive and industrial battery maker raised eyebrows last week when it was restructured due to an apparent lack of investor demand even in a supply starved, yield-hungry environment.
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A researcher and a banker warned investors to stay away from high-yield bonds, with the researcher going so far as to criticize some of his firm's recent deals.
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The European market is seeing a proliferation of subtly differentiated alternatives to traditional bonds, which is making it more attractive to borrowers, said sell-siders.
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Senior distressed pros at hedge fund titans D.E. Shaw & Co. and Satellite Asset Management are forming their own shops, according to Alternative Investment News, an LMW sister publication.