Latest news
Latest news
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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Matthew Carara, executive director and head of UBS’s scratch and dent mortgage business, has left the firm.
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Rasameel Structured Finance is working on setting up a principal investment branch to be based in Dubai.
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Iftikhar Hyder and Trude Akersveen, managing directors in XL Capital Assurance’s collateralized debt obligation business, have left the company.
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Vertical Capital is rumored to be in talks with E*Trade Global Asset Management to take over up to four collateralized debt obligations of asset-backed securities E*Trade manages, according to industry sources.
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Jeffrey Tolk, Asian head of credit structuring at HSBC in Hong Kong, has left the firm.
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FSI Capital is rumored to be paying ACA Capital a rolling rate, with some market participants speculating as much as 80% of managerial fees, for the life of the collateralized debt obligations FSI took on in its purchase of the beleaguered company’s asset-backed securities and corporate CDO businesses.
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Credit Suisse has posted net write-downs of CHF3 billion ($2.72 billion) for the year stemming from poor performance from its asset management and investment banking divisions amid the subprime storm.
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Citigroup is currently looking to convert Hartford Investment Management’s market value collateralized loan obligations into cash flow CLOs.
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A team of seven principals from Lehman Brothers’ global securitized products team are forming One William Street Capital Management and will launch a hedge fund with more than $1 billion next quarter, as reported by sister publication Alternative Investment News.