Free content

Goldman Sachs has hired Karen Fang from AIG Financial Products in a new role.

The New Jersey Division of Investments is seeking to invest USD500 million or more in commodity-linked notes.

JPMorgan is pitching an investment structure that will give Asian investors exposure to foreign interest rates.

Growing wealth and stability in South America is prompting an uptick in efforts to sell structured derivatives into the region.

Lehman Brothers in New York has named Richard Cunningham, head of convertibles distribution for the U.S., to head equity sales for the Americas.

Firms offering constant proportion debt obligations are likely to start pairing the format--which includes high coupons and high ratings--with portfolios that have been used for constant proportion portfolio insurance.

Morgan Stanley has started offering cancellable credit-default swaps giving holders the option to stop paying for protection after a succession event wipes out deliverable obligations.

Leveraged super senior tranches of asset-backed security collateralized debt obligations are being structured with new trigger events.

The Royal Bank of Scotland's Tokyo-based Asia-Pacific head of sales and marketing, Tom Picard, has left the firm.

Barclays Capital is offering novel synthetic delta-hedged single-tranche collateralized loan obligations.

--Michael Buzanis, managing director at DBRS in Toronto, explaining why it has toughened up liquidity standards triggering outcry from dealers that have used the agency's ratings to sell lucrative leveraged super senior tranches into Canada.