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Securitization People and Markets

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  • CypressTree Investment Management, a Boston-based loan and high-yield bond manager with $2 billion under management, is launching an outpost in London to increase its euro and sterling-denominated investments.
  • GSC Capital Partners, which has more than $9 billion in assets under management, plans to recapitalize the company and convert from a partnership with a few owners to a more broadly owned entity, said Andrew Wagner, managing director and cfo.
  • Jefferies Group and Massachusetts Mutual Life Insurance Co. have agreed to double their equity investment in Jefferies Babson Finance, a venture the two firms formed in October 2004.
  • The LSTA named new members to its board of directors and outlined its goals for the year at its annual meeting last Tuesday.
  • LSTA has hired Bridget Marsh as the association's first assistant general counsel.
  • Looking to capitalize on a market of smaller deals, Peter Gleysteen and Charlesbank Capital Partners have teamed up to form Commercial Industrial Finance Corp. (CIFC).
  • Moody's Investors Service plans to introduce both loss-given-default ratings and probability-of-default ratings on non-financial speculative-grade corporate issuers.
  • Barclays Capital has hired Jerry Hammerschmidt as a director in New York selling structured products to financial institutions.
  • Cantor Fitzgerald has hired David Goldman, formerly of Banc of America Securities, to start up its newly formed research department.