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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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Bank of New York appointed two executive vice presidents within its global corporate trust division today.
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Asset management firm Ares Management has kick started its European private debt drive with the hiring of a trio from Barclays Bank.
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Halbis, the active asset management specialist of HSBC, has hired Rommel Badilla from Lotsoff Capital Management as a portfolio manager in its U.S. fixed income team focusing on securitized products.
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Lehman Brothers Holdings is combining its U.S. residential mortgage business and cutting about 400 jobs from the unit that makes subprime mortgages, according to Dow Jones Newswires. The investment bank, which packages mortgages into securities for sale to investors, will merge Irvine, Calif.-based BNC Mortgage, which arranges subprime loans through independent brokers, into Aurora Loan Services, which arranges “Alt-A” loans to borrowers who generally have higher credit scores but insufficient documentation for prime-rate loans.
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Deutsche Bank has been busy setting up a middle-market group led by Anthony Casciano, managing director and head of middle-market lending.
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Fixed-income research analysts will not be held to the same conflict of interest rules as their equity colleagues, said Grace Vogel, executive v.p. of member firm regulation at NYSE Regulation, at the Securities Industry and Financial Markets Association conference in New York last week.
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Wall Streeters are hitting the driving range to prepare for the first annual Tom Liu Memorial Golf Classic being held by The Kingsland Foundation on July 9 at the Montclair Golf Club in West Orange, N.J.
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Three senior analysts at Jefferies Capital Management have jumped ship.
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Peloton Partners, the London-based multi-strategy hedge fund, has added senior prop traders to its asset-backed securities and emerging markets teams.