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Analytics firm Markit and CDS IndexCo will next week officially launch ABX Indices, a series of synthetic indices of credit default swaps of ABS. The first index will track the performance of credit default swaps, referencing 20 US home equity loan and other asset backed securities. Some 15 dealers have signed up to trade the index: Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBS Greenwich Capital, UBS and Wachovia.

Bank of America is leading a $485 million deal backing Matria Healthcare's acquisition of CorSolutions Medical.

The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Kristen Haunss at (212) 224-3990, or fax (212) 224-3602.

The deal backing the leveraged buyout of Deluxe Film by MacAndrews & Forbes Holdings from The Rank Group was reworked last week.

The $21 billion credit backing the acquisition of Georgia-Pacific Corp. by Koch hit the market last Tuesday.

Hallmark Entertainment's $215 million term loan "B" broke in the secondary market at 101 last week.

The $5.5 billion deal backing Hilton Hotels' acquisition of Hilton Group PLC came to market last Tuesday.

German retailer KarstadtQuelle's bank debt traded up on rumors its main shareholders are planning to acquire and delist the company.

Looking to capitalize on a market of smaller deals, Peter Gleysteen and Charlesbank Capital Partners have teamed up to form Commercial Industrial Finance Corp. (CIFC).

Moody's Investors Service plans to introduce both loss-given-default ratings and probability-of-default ratings on non-financial speculative-grade corporate issuers.

A total of 323 parties signed up to the Calpine credit default swap protocol designed by the International Swaps and Derivatives Association to cash settle CDS index trades.

Quebecor Media's $350 million term loan, which was downsized from $460 million, broke in the secondary market at 101 1/4 last week.