Free content

--Darvin Pierce, executive director at Van Kampen Investments, about outstanding contribution award winner Mike McAdams of Four Corners Capital Management starting one of the first senior loan funds.

Market players got a chance to show their skills at the Casino Showdown at CIN's Trading Desk Awards last week, trying their hand at poker, craps and blackjack.

On the morning of Oct. 20, 1987, a day after the stock market crash, Michael McAdams, then working at National Bank of Canada, met with the chairman of First Capital Holdings, Bob Weingarten.

Nancy Del Genio, managing director of loan sales, left Deutsche Bank.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

Calyon's Julien Bahurel, director in equity derivative sales in Hong Kong, has left the firm.

The International Swaps and Derivatives Association is set to release a draft template for trading credit-default swaps on tranches of collateralized debt obligations by the end of this week, with a final version following next month.

Some equity derivative dealers and hedge funds were caught short correlation last week as rattled stock markets prompted a sharp rise in correlation while putting pressure on liquidity.

Deutsche Bank is bringing aboard Stefan Masuhr, head of structuring for Asia at HVB Asia in Singapore.

ABX, the index of asset-backed credit-default swaps launched earlier this year, is at the center of a struggle between dealers who think flows are too low and others who think it is ticking along fine.

Kevin Harmon, managing director and head of derivatives for interest rate products at Credit Suisse in New York, resigned last week.