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GC Asia
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Z Capital promotes two in CLO investment team
Z Capital Credit Partners, the credit arm of Z Capital Group, has promoted a CLO portfolio manager in its investment team to managing director.
28 Jul 2021 -
Market minds Powell's language as Fed meeting kicks off
The Federal Reserve kicked off its two-day policy meeting on Tuesday, with the officials deeply divided on when to make the move to tapering asset purchases. With no dot plot projections expected this time, sources are keeping a close eye on what Fed chairman Jerome Powell says, looking for hints about the central bank’s plans.
27 Jul 2021 -
Football securitization closed despite pandemic chaos
A UK football club securitization has closed that offers investors exposure to future ticket sales. But sports securitizations, almost non-existent after the 2008 global financial crisis, have assumed a new, higher level risk in the eyes of many following the pandemic.
27 Jul 2021 -
No easy road to recovery for CMBS noteholders after Intu restructuring
The three-year restructuring plan for four Intu shopping centres is set to see cash poured into London, Nottingham and Glasgow retail hubs after the group collapsed into administration in June 2020. But CMBS noteholders are set to see yields recover to only 60% of the outstanding amount by the time of a likely asset sale, bringing into doubt the prospect of future shopping-centre securtiizations.
26 Jul 2021 -
Credit Suisse promotes Cronin to global co-head of CLOs
Credit Suisse has promoted London-based Arun Cronin to be global co-head of CLOs, alongside New York-based co-head Brad Larson, according to people familiar with the matter.
22 Jul 2021 -
Redding Ridge hires Alcentra PM
Apollo subsidiary Redding Ridge has hired Tom Frangione from Alcentra as it grows its assets under management and the number of CLOs it runs.
19 Jul 2021 -
Capital Four's US team adds three in CLOs and high yield
Danish credit investor Capital Four has made three additions to its CLO and high yield business in the US.
14 Jul 2021 -
Mizuho hires CLO specialist from BMO
Japanese bank Mizuho has hired CLO specialist Nate Weber from Bank of Montreal Capital Markets as a managing director in its asset backed trading department.
13 Jul 2021 -
EC sustainable finance Strategy: big on ideas, short on action
The European Commission signalled this week that it would extend regulation into many more aspects of sustainable finance, driving an agenda that could change the role of capital markets in society. But although responsible investing experts welcomed it, the complex package of at least 30 measures is likely to provoke a wide variety of reactions, from enthusiastic support to complaints that it is too slow and unambitious, to outright opposition. Jon Hay reports.
08 Jul 2021 -
Lehman Brothers securitizations at risk of missing Libor deadline
Tough legacy mortgage securitizations are resisting the switch away from Libor, as the Financial Conduct Authority calls on issuers to contact investors before the six month deadline hits. A group of mortgage securitizations issued by defaulted Lehman Brothers pre-2008 are seen as particularly high risk.
08 Jul 2021
