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The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.
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Michael McLaughlin, global head of structured securities at Bank of America, has relocated from London to New York to launch a middle market origination and middle market collateralized loan obligation group.
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Atticus Capital, the activist hedge fund firm run by Timothy Barakett, has purchased options giving it additional exposure to pharmaceutical company AtheroGenics.
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The over-the-counter interest-rate and currency derivatives market has continued to experience spectacular growth.
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Barclays Capital is planning to hire equity derivatives officials to build up a U.S. corporate business.
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London-based New Bond Street Asset Management is marketing a synthetic collateralized debt obligation of high-grade corporate credits.
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CIBC World Markets has hired Achim Beck as head of marketing for European debt capital markets in London. He joined from TD Securities, where he was head of credit derivatives marketing for Germany.
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The Commodities Futures Trading Commission and the Securities and Exchange Commission plan to review where their derivatives oversight overlaps and devise a plan for better cooperation.
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Citigroup and AXA Investment Managers are planning a second tap of a principal-protected long/short credit fund of single-name credit-default swaps, indices and bonds.
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Credit-default swap spreads on Anglo-Dutch steelmaker Corus tightened last week after a report Tuesday suggested Tata Steel which is acquiring the company will buy back existing debt as part of the deal.
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Contingent credit-default swap trading volumes have spiked in the past month as U.S. banks hedge counterparty risk.
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Credit Suisse has begun marketing a collateralized debt obligation backed by equity-default swaps featuring a coupon increase if the CDO is not called after three years.