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Robeco is looking to scale back its investments in the subordinated debt of European insurance companies.

Two former high-yield stars at Donaldson, Lufkin & Jenrette have been reunited at a credit hedge fund.

Some new faces will be seen at UBS' annual Cinco de Mayo party this year.

--Dick Cryan, high-yield portfolio manager at Evergreen Investments.

Resource America, a Philadelphia asset management concern behind the Trapeza collateralized debt obligation shelf, has set up a start-up venture to buy asset-backed securities and repackage them into CDOs. The company has hired Dan Nigro, a former buy-sider, as a portfolio manager and head of credit and has set up an office in New York. Resource America's new platform, dubbed Ischus Capital, plans to retain part of the equity of the ABS CDOs it sells and aims to "build a larger, more diverse business managing a broader range of fixed-income securities," Nigro said in a letter to colleagues.

This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.

The securitization market is gearing up for its response to the Securities and Exchange Commission's long-anticipated framework for the industry.

--Jane Summers, general counsel for the Loan Syndications and Trading Association, on how updated trade confirmations will help improve trade settlement.

Vega Asset Management, a hedge fund with some USD7.5 billion in assets under management, is launching a commodity trading strategy and has hired Julian Barrowcliffe, former global head of commodity derivatives at Bank of America, to lead the effort.

Michael Hoeh, a senior portfolio manager at Dreyfus Corp., has joined Crédit Industriel et Commercial (CIC).