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Tuckerbrook Alternative Investments recently had the first close of its global distressed fund-of-funds, with just south of $50 million.

Investors looking to capitalize on a yield to call play have been buying the term loan "B" of Jean Coutu Group, with the understanding the loans will be taken out at par in about three to six months.

Beth MacLean will serve as the portfolio manager for leveraged loan investments at Lord Abbett & Co.

Moody's Investors Service published a report last week asking for comments on proposed changes to its U.S. cash-flow collateralized loan obligation rating methodology.

Workers at Chile’s biggest copper mine, Escondida, agreed yesterday to end their strike. Workers voted in favour of the latest agreement with the company, for a 40-month contract, with a 5.0% salary increase. The workers' shifts will conform to a 4x4 scheme, which means that they will work four days in the mine followed by four days of rest, until 2013. The workers originally demanded a 13% increase, while the company's offer was for 3%. The mine is expected to resume operations within seven days. The strike began on August 7, generating losses of over $15 million a day.

Orthofix International has tapped Wachovia Securities and Citigroup for a $375 million credit facility for the acquisition of Blackstone Medical. The deal consists of a six-year, $45 million revolver and a seven-year, $330 million term loan "B." Price talk for the facility is LIBOR plus 2-2 1/2% on both tranches, according to an Orthofix spokesman.

Brazil's monetary policy committee cut interest rates by 0.5% to 14.25%. The cut follows a downward revision in projected inflation for this year, from 4.5% to 3.68%. Also, the real has appreciated steadily against the dollar, as the economy slowed down in the second quarter of the year.

Jerome Booth, head of research at Ashmore Investment Management, argues that the world is divided between those assets that have the risk priced in and those that don't

Central Bank of Nigeria ’s foreign exchange reserves have reached a record high of $38.6 billion, Deputy Governor Obadiah Malaifia said, adding that reserves are equivalent to 20 months of imports.

Lehman Brothers in London has hired a senior equity volatility trader.

AXA Investment Managers' Nigel Richards expects policy tightening to lead a deceleration in coming months. Asia will feel the hardest pinch, but it marks a welcome shift by China towards market based policies.

Mexico’s unemployment rate decreased to 3.95% of the economically active population in July 2006, down 0.09% on last year, the national statistics institute INEGI said. The employment rate stood at 96.1% of the economically active population, of 43.9 million people. The largest number of people were employed in services, which accounted for 39.8% of all jobs. Trade accounted for 19.7%, manufacturing for 16.8%, agriculture for 14.3% and construction for 7.8%.