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Securitization People and Markets

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  • Bombarded by issuer downgrades that are overflowing their CCC buckets, loan portfolio managers are looking to set up funds that will not be rated and will have fewer ratings-based requirements.
  • Mike Mauer has been tapped to lead the leveraged syndicate area at Citigroup.
  • Primus Guaranty is interested in acquiring collateralized loan obligation and collateralized swap obligation management contracts.
  • Mike Mauer has been tapped to lead the leveraged syndicate area at Citigroup. High-yield bond, leveraged loan and emerging market bond syndicates all report to him, as well as leveraged finance origination and high-grade loan origination.
  • Deutsche Bank has filed a lawsuit against Lehman Brothers Holdings Inc. to recover $72.5 million it mistakenly transferred to the now bankrupt firm.
  • Des Moines, Iowa-based Aviva Investors North America, an investment advisory and asset management arm of London-based insurance giant Aviva, is looking to bolster its mortgage-backed securities team.
  • Amherst Securities has hired Timothy Dooley as head of non-agency residential mortgage-backed securities trading.
  • BlackRock Solutions has added Amit Senapaty as a director and non-agency residential mortgage-backed securities portfolio manager.
  • Artemis Holdings, Asian Credit Hedge Fund, Arcus Investment, and FalcInvest Fund Management have all joined the growing list of hedge funds that are curtailing their investors’ ability to cash out, according to new data from Castle Hall Alternatives.