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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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Fred Matera, former head of collateralized debt obligations at RBS Greenwich Capital Markets, has joined Mill Valley, Calif.-based real estate investment trust Redwood Trust.
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Morgan Stanley’s Steve White has been elected chairman of the European Securitization Forum after White’s ex-colleague Robert Palache left the position following his recent departure from Morgan.
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Norton Rose has hired Karl Rogers, a structured finance and derivatives specialist, as a partner in its Dubai offices.
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Many Bear Stearns loan desk employees are expecting to be let go by the time the firm gets bought by JPMorgan Chase, according to a banker on the loan desk. “We’re just waiting for JPMorgan to come in and see what it needs and what it doesn’t need. [The loan business] is definitely a business they don’t need at all. They already have one and it’s one of the biggest in the industry. Best case, they take a few guys.”
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A number of Bear Stearns loan desk employees are expecting to be let go by the time the firm gets bought by JPMorgan Chase, according to a banker on the loan desk. “We’re just waiting for JPMorgan to come in and see what it needs and what it doesn’t need. [The loan business] is definitely a business they don’t need at all. They already have one and it’s one of the biggest in the industry. Best case, they take a few guys.”
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Tad Philipp, a veteran of the commercial mortgage-backed securities industry, left Moody’s Investors Service last week.
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The Street has been buzzing this afternoon with rumors of an acquisition of Bear Stearns by either JPMorgan or Barclays Capital as early as the end of today.
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JPMorgan’s 28-day secured loan facility for Bear Stearns is for an unlimited amount so long as it's tied to Bear Stearns assets, according to a banker familiar with the matter.
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Apollo Real Estate Advisors has hired longtime commercial mortgage-backed securities trader John Beaman to head trading for its Claros Real Estate Security hedge fund.