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Securitization People and Markets

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  • Boutique investment firm Maxim Group is looking to add more distressed traders to its 24-person fixed income trading desk.
  • Four senior officials in Sallie Mae's corporate finance division are leaving the student loan lender.
  • Brigadier Capital Management, the New York hedge fund firm founded by Ralph Nacey, has hired three new vice presidents of credit research to its current staff of six.
  • Wachovia has tapped Brian Lancaster, head of structured products research, to be the chief investment officer and head of portfolio strategy for its real estate group.
  • The Loan Syndication and Trading Association has hired Meredith Coffey for the newly created post of senior v.p. for research, communication and membership.
  • Mitsubishi UFJ Securities has added Peter Brooks as an associate in its new private capital markets group headed by recent hire Conrad Owen (CIN, 7/7).
  • The $63.4 billion Oregon Public Employees Retirement System recently made commitments to two bank loan strategies within its opportunity portfolio.
  • Alcentra is taking over the businesses of BNY Mezzanine Partners and Hamilton Loan Asset Management.
  • Credit spreads will widen in the next three months and defaults will continue to rise over the next 12 months, according to new credit outlook indexes set to be published today by The International Association of Credit Portfolio Managers.