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Ares middle market deal in 2025 was the first CLO incorporated in Luxembourg
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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Three senior analysts at Jefferies Capital Management have jumped ship.
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Peloton Partners, the London-based multi-strategy hedge fund, has added senior prop traders to its asset-backed securities and emerging markets teams.
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With all the boob-tube fans ranting and raving about last week's Sopranos' finale, we figured we'd give you a taste of how the loan market views it with an interim Bloomberg tag of the month winner.
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A hedge fund managed by Bear Stearns is scrambling to sell about $4 billion in mortgage-backed bonds, reports The Wall Street Journal. Faced with losses on its investments, the High-Grade Structured Credit Strategies Enhanced Leverage Fund is trying to raise cash, in a move being viewed as a setback for a Wall Street firm known for its savvy debt-market trading. The fund is down 23% in the year through April.
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General Electric’s WMC Mortgage has become what is thought to be the first subprime lender to adopt proposed federal guidelines on underwriting low-initial-payment mortgages to people with flawed credit, according to Dow Jones. The guidelines were proposed in March and are expected to be finalized in the coming weeks.
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Standard & Poor’s is placing covenant-lite loans and their impact on collateralized loan obligations under the microscope.
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Barclays Capital’s credit trader Stuart Calnan has been promoted to head of ABS trading "for the foreseeable future," after the departure of Rob Ford, according to a source close to the situation.
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Steptoe & Johnson has formed an interdisciplinary team to handle litigation, restructuring and insolvency matters arising from subprime problems and the softening real estate market.
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Standard & Poor’s has lowered credit ratings on notes from one of Banca Italease securitizations and placed notes from another on credit watch as a result of the Italian leasing firm’s deteriorating credit quality.