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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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Trade Settlement Europe, the European subsidiary of Trade Settlement Inc., has hired Merrill Lynch alumnus Stuart Biggar to lead its expansion in Europe.
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Loic Fery, global head of credit markets at Calyon in London, has left the firm following the announcement of proprietary trading losses in New York which will result in a €250 million ($351.9 million) charge for the firm.
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Lehman Brothers’ fixed-income capital markets division today reported a decrease of 47% in net revenues, primarily due to lower performances in the credit and securitized products groups.
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Fifth Third Asset Management has hired Bill Natcher as a senior portfolio manager from Deutsche Bank.
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E-Trade Financial said yesterday it would exit the wholesale mortgage business and that it set aside $245 million for bad loans in the second half, reports the Associated Press. The company, which has been feeling the pinch caused by defaults in the subprime mortgage market, also said that it will set aside another $100 million for troubled asset-backed securities. E-Trade’s chief executive, Mitchell Caplan, also offered a sobering opening of what’s to come for the market.
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THL Credit Group has announce it has received about $500 million in equity and financing commitments for THL Credit Partners, its inaugural fund that will invest in a wide variety of securities through leveraged finance, structured credit and other equity transactions.
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London-based covered bond trader Benjamin Moulle has left Merrill Lynch.
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Calyon has named Julian Ostheim head of acquisition and leveraged finance for its non-Japan Asia business.
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David Flannery has been named Deutsche Bank's head of leveraged debt capital markets in the Americas, a new role, and John Eydenberg will now oversee leveraged finance in the Americas.