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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Michael Swell has joined Goldman Sachs Asset Management as a managing director and head of structured products.
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London-based F&C Asset Management has moved one step further into the collateralized debt obligations space with the appointment ex-Societe Generale CDO chief Teimuraz Barbakadze to the new position of director, head of structured credit.
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Dresdner Kleinwort has bagged ex-Merrill Lynch exotic credit derivatives co-head Neil Walker to head its credit trading effort in London.
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Credit Suisse has added Mary Ann Thomas from Bear Stearns as a strategist in its U.S. mortgage team.
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Dillon Read Capital Management, which last week was folded back into UBS after announcing over $123 million in losses, is believed to have built up mark-to-market losses on both single-name credit-default swaps and on the ABX index.
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Law firm Akerman Senterfitt has added Howard Finkelstein as a partner. He joins from Buchanan Ingersoll & Rooney.
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Petra Capital Management is close to pricing its first collateralized debt obligation of commercial real estate.
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BlueOrchard Finance has launched the first publicly rated microfinance collateralized debt obligation.
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Two years after UBS launched its $2 billion hedge fund, Dillon Read Capital Management, the bank is shutting it down, due to poor performance. The fund, hit by subprime investments gone bad, will cost UBS around $300 million, says John Costas, the funds CEO and Chairman. UBS blamed difficult market conditions in U.S. mortgage securities for the fund’s poor performance, but left it unclear whether or not the fund’s bad investments, amounting to $124 million in losses, can be attributed to both stocks and bonds.