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Securitization People and Markets

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  • Credit spreads will widen in the next three months and defaults will continue to rise over the next 12 months, according to new credit outlook indexes set to be published today by The International Association of Credit Portfolio Managers.
  • Eurohypo is the latest institution to join the International Association of Credit Portfolio Managers.
  • Former Citigroup collateralized debt obligation co-head Nestor Dominguez is now working for Dallas, Texas-based hedge fund Carlson Capital.
  • ING Investment Management has hired Ken Haim as a mortgage-backed securities portfolio manager focused on derivatives.
  • Several established securitization trustee outfits in Europe are interested in buying the LaSalle Bank European trustee business, formerly part of ABN AMRO, according to an official close to the situation.
  • Advantus Capital Management has raised approximately $100 million for a high-yield mortgage strategy and expects to raise several hundred million more.
  • Alcentra is adding the businesses of BNY Mezzanine Partners and Hamilton Loan Asset Management into its offering.
  • The Securities and Exchange Commission detailed problems with rating agency procedures in the lead-up to the subprime meltdown in a report released today.
  • Credit Suisse’s co-head of structuring of collateralized debt obligations of asset-backed securities, Fiachra O’Driscoll, has left the firm.