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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Everbank mortgage originator BNY Mortgage has launched Prime Advantage, the first fixed-rate jumbo reverse mortgage.
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Olga Filipenko, an esoteric asset-backed securities analyst at Moody’s Investors Service, has left for Merrill Lynch.
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Bear Stearns has bolstered its European credit sales team with three hires in its London office.
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The N.I.R. Group may do three to four collateralized debt obligations this year after doing its first two in 2006.
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New York-based Everquest Financial, a specialty finance holding company that owns a portfolio of collateralized debt obligations, is going public with a pool of risky mortgage bonds purchased from its underwriter’s hedge funds, according to BusinessWeek. The firm, managed and advised by Bear Stearns Asset Management, has been buying up interests in risky bonds backed by subprime mortgages from hedge funds managed by BSAM. Bear Stearns is one of Wall Street's biggest underwriters of mortgage-backed securities and other exotic mortgage-related bonds.
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The Carlyle Group plans to raise $1.2 billion with its first public offering of one of its investment funds. The firm, with $US56 billion under management, will offer shares on the Euronext Amsterdam stock exchange in a leveraged finance fund primarily made up of mortgage-backed securities. The move comes as other private equity and hedge fund groups seek to tap the public markets to raise permanent capital. Businessweek.com first reported the planned float.
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UBS has made some organizational changes in its collateralized debt obligation business.
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ABN AMRO is considering adding credit-default swaps to the trading strategies of its structured consumer capital business.
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Longacre Fund Management has hired Dan Moses, formerly a director in Credit Suisse's distressed/special situations group, as a managing director.