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Halcyon Asset Management is co-marketing a first-of-a-kind long-short collateralized debt obligation with Deutsche Bank, which structured the deal.
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--Sean O'Connor, senior v.p. in structured finance at Dominion Bond Rating Service in New York, explaining the agency's review of minimum liquidity requirements for leveraged super senior deals.
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Barclays Capital has tapped Pascal Hery, a senior credit derivative salesman to hedge funds at Deutsche Bank in London.
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Brevan Howard Asset Management, a London-based hedge fund, has hired a senior hedge fund-linked salesman from KBC Financial Products in New York. Joe Maclean has joined Brevan Howard in New York, reportedly in a business development role similar to that of Stephen Stonberg, previously a credit sales head at JPMorgan in London (DW, 7/28). Maclean did not respond immediately to a phone message.
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Traders and analysts expect the creation this fall of a loan-only credit-default swap index to boost volume and liquidity in single-name LCDS trading.
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TD Securities is following up on its first structured investment offering in the U.S. with another similar deal. The first, a reverse convertible note linked to E*Trade stock (DW, 7/7), raised USD697,000, according to Securities and Exchange Commission filings.
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Deutsche Bank has added three equity derivative sales officials in New York.
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Calyon has signed up Heidi Plewe, a structured credit marketer at SG Corporate & Investment Banking in London, to cover sales to Germany and Austria. Plewe referred calls to the press office where Virginie Ouycere, spokeswoman, confirmed the role is a new one.
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Barclays Capital has tapped Pascal Hery, a senior credit derivatives salesman to hedge funds at Deutsche Bank in London.
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Financial Stocks is considering a possible standalone foray into the collateralized loan obligation market and the asset-backed securities, collateralized debt obligation market.
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-- Jon Kline, Sunstone Hotel Investors cfo, about always looking for cheaper pricing on its financings.
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Banks are starting to prepare some of the larger collateralized loan managers for what is expected to be about $16 billion in debt to back the leveraged buyout of health care operator HCA.