Free content

Peter Doherty, head of northern European credit sales at Bank of America in London, has left the firm.

The Carlyle Group has hired a trio of senior equity derivatives traders from Millennium Partners in New York.

Firms across the Street are looking to replicate Citigroup's novel structured investment vehicle, Zela Finance, the first SIV to go short credit by using some of its returns to buy credit-default swap protection.

A strong pipeline for constant proportion debt obligations has caused spreads on North American and European investment-grade credit derivatives indices to rally to all-time tights.

OTC dealers claim demand will hold strong in the face of the Chicago Mercantile Exchange's plans to roll out credit-event futures in the New Year.

Dresdner Kleinwort has created a business group that combines debt capital markets with its structured finance and tax structuring units.

Dura Operating Corp.'s bankruptcy will serve as the first test for the new credit-default swap protocol.

Dealers trading credit-default swaps on leveraged loans in Europe met Thursday as DW went to press to vote on an important stumbling block to launching an industry-wide document for European LCDS.

Goldman Sachs has hired Henry Flowers from Merrill Lynch as a v.p. in structured equity solutions.

Money managers in the U.S. are getting into constant proportion debt obligations--after spurning constant proportion portfolio insurance--because of a twist in the way the leverage is altered.