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Securitization People and Markets

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  • Broker-dealer BTIG is launching a fixed-income group that will trade distressed debt.
  • Large long/short equity hedge funds have been buying the bank debt of companies whose equity they own or had owned before they were taken private.
  • The Loan Syndications and Trading Association sent a letter last week to the Treasury Department calling for a change in tax regulation relating to the cancellation of debt income.
  • With the expectation that credit will be the first market to recover in the next two years, NEPC is recommending clients put up to 10% in opportunistic credit strategies.
  • Aladdin Capital Management recently hired John Carroll as managing director and global head of securitized product trading and David Attisani as managing director of broker-dealer sales and marketing.
  • Alcentra has closed its Los Angeles office, where much of its collateralized loan obligation team was located, according to market players.
  • The head of securitization in the Americas at Mizuho Corporate Bank is leaving to head a commercial real estate finance group in Tokyo after eight years in New York.
  • Aladdin Capital Holdings recently hired John Carroll as managing director and global head of securitized product trading and David Attisani as managing director of broker-dealer sales and marketing.
  • NewOak Capital has hired Patrick Mooney, most recently a managing director at the Securities Industry and Financial Markets Association, as its chief operating officer.