Free content

Thrivent Financial for Lutherans is planning to allocate roughly $250 million to illiquid structured finance assets.

Nomura Securities International has hired Scott Rodman, former managing director in alternative risk markets group at Deutsche Bank in New York, in a senior role.

RBS Greenwich Capital has hired Andrew Weber, senior credit sutructurer at Deutsche Bank in New York, for a similar role.

European hedge fund managers were left hopping mad last week after Boussard & Gavaudan Asset Management recalled a convertible bond it had loaned them via the repo market and which they had subsequently shorted.

U.S. hedge fund manager Pine River Capital Management will purchase credit and equity derivatives to hedge its Ishin Fund, an Asian convertible arbitrage fund slated for launch this month.

Sandell Asset Management has boosted its merger arbitrage team and is preparing to hire more personnel later this year across several departments.

The price of credit protection on AT&T Corp went up last week after the telecom corporate said its revenues will be lower than it had previously announced.

JPMorgan has appointed John Anderson, global head of interest rate derivatives and global foreign exchange trading at Bank One in Chicago, as head of fx trading at the newly merged firm in New York.

Barclays Capital's Mitchell Lim, head of Hong Kong dollar interest rate trading, has recently left the firm.

Two weeks ago DW published a Learning Curve about investment grade credit derivatives indices, which looked at calculating and hedging the index.

The increasing use of credit-default swaps in the loan market is raising concerns over how to stop private information from flowing into the public markets and loan participants want to get ahead of the development before the Securities and Exchange Commission takes an interest.