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Franklin Lakes, N.J.-based Quant Invest launched its first fund the beginning of the month, according to a private investor.

Magnetar Financial, an Evanston, Ill.-based multi-strategy hedge fund, is dominating the market for asset-backed securities collateralized debt obligations by buying bespoke deals in massive sizes.

GSC Partners is marketing its second hybrid asset-backed securities collateralized debt obligation.

Investors are shying away from taking speculative positions through single-name and index credit-default swaps because of mounting negative sentiment on credit.

Standard & Poor's has assigned a AAA rating to the first public fully-rated credit constant proportion portfolio insurance transaction.

--Poo Huat Tan, managing director at Singapore banking giant DBS, on a foreign-exchange build up that has seen the firm hire a trio of marketers from UBS.

Barclays Capital has reorganized credit trading bringing cash and credit derivatives flow businesses for U.S. and European investment-grade credit into its global credit derivatives group, headed by Vince Balducci in New York.

Bank of America has hired Stefan Yurica as a principal in institutional equity derivative sales from a similar role at Morgan Stanley.

Implied volatility for sterling/U.S dollar options surprised option players this week by remaining low, despite news of the alleged planned terrorist attack on planes traveling between the U.S. and U.K. Thursday.

Collateralized loan obligation equity returns have outpaced those of asset-backed security collateralized debt obligations.

Owners of credit protection on Cendant Corp. have been saved from holding worthless contracts--a phenomenon known as CDS orphaning.