Free content

JVB Financial, a structured investment note distributor, is offering a reverse convertible note linked to an exchange-traded fund.

US hybrid capital investors celebrated the end to their six month feud with the National Association of Insurance Commissioners this week by showering Florida Power & Light with almost $4bn of demand for its $350m institutional hybrid issue.

William Archer, chief underwriting officer for global credit products in fixed income, currency and commodities at Goldman Sachs, has left the firm.

Mark Gold, formerly managing director and portfolio manager at Trust Company of the West, and Hillel Weinberger, formerly a portfolio manager at Loews Corp., have opened their new firm, Hillmark Capital Management and are expected to price their first collateralized loan obligation as early as this month.

JPMorgan is restructuring its Asian equity derivatives business on the back of a senior transfer to New York.

BlueBay Asset Management is considering expanding its offering of capital-protected credit and fixed-income funds.

A standard credit default swaps settlement protocol designed by the International Swaps and Derivatives Association, which can now be used for all credit events, will be ready for use when the next default occurs.

Credit Suisse has split its fixed-income derivatives and cash businesses, bucking a Wall Street trend.

Portfolio managers got their first peek at the $9.3 billion HCA term loan last week and they are already poking the LIBOR plus 2 1/2% pricing with sharp sticks.

Welcome back loan market.

Jeff Layman, director of investment services at BKD Wealth Advisors, said that in the last two to three months, BKD has been buying inflation-indexed corporate paper.

Churchill Pacific Asset Management, the new entity to be formed through Churchill Financial's planned acquisition of Centre Pacific, will market a new collateralized loan obligation this fall.