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Debut manager is launching a CLO platform building on leveraged loan market experience
Andrew Burgess worked at Prytania for 16 years
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
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Bonuses in structured finance sales and trading are projected to sink at least 50% compared with last year's figures, according to the annual compensation report from New York-based recruitment firm Options Group. -
Former Broadpoint Captial distressed structured products traders Viru Raparthi and Maneesh Awasthi have joined brokerage Newedge, a joint venture between Société Générale’s Fimat and Calyon Financial, to build up a synthetic and cash structured credit platform there.
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Leon Hindle, managing director and global head of collateralized debt obligations and structured credit at Nomura, formerly Lehman Brothers Asia, left the firm last week.
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Peter Krell, cofounder of mortgage analytics and service provider The Clayton Group, has started up a new mortgage performance analytics provider called Scienna.
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Proprietary trading desks are expected to be off the radar for banks for at least a year, market watchers say.
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Morgan Joseph has added Thomas Carter and Andrew An to its analytics and trading group, which operates in the secondary market for fixed income structured products.
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Kuwait-based Islamic investment company Rasameel Structured Finance plans to approach the Kuwaiti government with a plan to securitize the risk it will take onto its balance sheet from bailing out Kuwaiti banks, after drafting an industry white paper on the development of the capital markets.
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New York-based start-up financial services firm BenAlon Capital started raising money this month for a $500 million fund that will buy performing, sub-performing and non-performing residential mortgage loans.
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Bombarded by issuer downgrades that are overflowing their CCC buckets, loan portfolio managers are looking to set up funds that will not be rated and will have fewer ratings-based requirements.
