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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While the atmosphere was more upbeat than many had expected it to be at ASF 2008 in Las Vegas, panel discussions were evidence that too much of the industry is still living in the past, remarked several attendees today, the final day of the conference.
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Monolines CIFG and MBIA are the latest victims to be placed on ratings downgrade by Fitch Ratings with both their prized AAA insurer financial strength status at threat despite efforts to inject sufficient capital into their businesses.
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JPMorgan has hired Peter Lapina, a former distressed trader at Citigroup, to trade stressed and distressed loans and distressed bonds.
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Bank of New York Mellon is expanding its transparency efforts by beefing up its portfolio solutions group, one of the structured finance business lines within the corporate trust.
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Scott Gordon, managing director in structured products at Ambac, has left the firm. An official at the monoline confirmed he was no longer with the company.
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Frank Hager, co-head of collateralized loan obligations at Credit Suisse, has left the firm.
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The International Association of Credit Portfolio Managers last week named Allan Yarish, managing director and head, global credit portfolio management at Société Générale, as its chairman and Neville Mallard, head of active credit portfolio management at ANZ, as vice chair.
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Wachovia Securities has tapped Jeremiah Keefe to fill a new slot as managing director and head of distressed debt for a new team.
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FGIC today lost its AAA financial strength and credit ratings from Standard & Poor’s, being downgraded to AA.