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Gil Marchand, portfolio manager at Aladdin Capital Management, is expected to leave the firm in the coming weeks.

Merrill Lynch has hired Matt Johnson, director in equity derivative institutional sales in London, to replace Simon Wilson, who retired last year after 17 years at the firm.

New York hedge fund Paulson & Co hit paydirt last month by shorting subprime mortgage asset-backed securities via options on the ABX index.

Structurers in the U.S. are noting a pickup in demand for option-linked credit investment structures such as range accruals since the spike in credit volatility two weeks ago.

Hedge funds and bank prop desks were racing to cover short positions by selling protection on the iTraxx Crossover index last week after stock markets recovered from the previous week's global sell-off.

Commercial real estate investors in the U.S. are getting ready to make their first forays into property derivatives.

Dealers looking to bring real money investors into the tranched ABX index TABX are looking to offer funded super-senior notes linked to the top part of the index.

Master limited partnerships, the exchange-listed entities common among oil and gas players, are being scoped by Street desks as potential underlying for structured notes.

Meteor Asset Management, a London-based investment firm launched last month, is marketing its first equity-linked investment.

Magnetar Financial has hired a managing director from the securitized products group at Deutsche Bank in New York.

The asset-backed securities index ABX continues to rally as dealers report that bearish investors are unwinding their short positions to take some profits.

A director in structured equity sales to Italy has left Credit Suisse.