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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Jefferies & Co. has expanded its mortgage-backed securities sales and trading teams with hires from RBS Greenwich Capital Markets.
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Josh Weintraub, co-head of mortgages-backed securities and asset-backed securities trading at Bear Stearns, is reportedly headed to RBS Greenwich Capital Markets.
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Babson Capital Management is jumping into distressed investing with its acquisition of a team from Murray Capital Management and $500 million of assets.
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David Reedy, a scratch and dent trader in the mortgage finance group at Citigroup, has left the bank.
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London-based Pamplona Capital Management will launch a credit opportunities fund in the next six months.
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Former HSBC Asian credit structuring chief Jeffrey Tolk has joined hedge fund manager 3 Degrees Asset Management as a principal focusing on distressed debt and special situations.
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Kevin Jenks, a portfolio manager at the $14 billion HBK Capital Management, has co-founded Apeirogon Capital and is preparing to launch a fixed-income arbitrage strategy that will focus on securitized assets.
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The loan market, trending higher the past few weeks, made a significant jump last week. Investors estimated that the average bid was in the low 90s and investors and dealers estimated that the market was up about three points last week.
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The earnings release last week from JPMorgan, Bear Stearns, Merrill Lynch and Citigroup all revealed slight decreases in their backlog of debt.