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Vertical Capital, a USD4.5 billion structured finance asset manager part-owned by Bank of America, is managing its first hybrid collateralized debt obligation.

Swiss Re has hedged earthquake insurance sold to Mexico by synthetically issuing catastrophe bonds.

The pickup in short-dated implied volatility coupled with falling stock markets is providing ideal pricing conditions for short-term equity-linked notes.

A team of highly-regarded equity structurers has left UBS in Tokyo, including Michio Yasuda, head of equity solutions.

--Brett Graham, portfolio manager at Vertical Capital in New York, on why the firm is issuing its first hybrid collateralized debt obligation.

Sébastien Goldenberg, director and head of European inflation trading at ABN AMRO in London, has left the firm.

Investors in synthetic asset-backed securities have reacted to a slowdown in the U.S. housing market by starting to buy ABS protection.

Spreads on the usually tight Asian credit market have widened following a global sell-off in fixed income and equities due to market jitters.

A handful of Asia Pacific equity-linked investment products were issued in the U.S. last week by firms including JPMorgan and Lehman Brothers.

Activity for longer-dated credit-default swaps in Australia is on the rise, due to the growing number of local accounts looking for yield in the tight-spread environment.

Yogesh Attre, managing director in fund derivatives marketing at BNP Paribas in New York, has left the firm.

Thibaut Antoine, a senior equity derivatives trader at BNP Paribas in New York, has resigned. He is tipped to join Goldman Sachs in a similar role, reporting to Paul Russo.