Latest news
Latest news
Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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Centerline has hired John Trentos to lead the company’s new collateralized loan obligation business.
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Patrick Wallace, head trader at Société Générale, has left the French bank and is joining GE Capital as a dealer trading both senior and junior loans.
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Patrick Wallace, head trader at Société Générale, has left the French bank and is joining GE Capital as a dealer trading both senior and junior loans.
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Jefferies Finance has hired Steve Goetschius from North Fork Business Capital to spearhead an expansion into larger corporate leveraged loans and work with Babson Capital in starting a standalone collateralized loan obligation business.
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Merrill Lynch has reportedly hired Ilan Stern,a former Bear Stearns secondary asset-backed securities trader.
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Moody’s Investors Service has added a credit card asset-backed securities analyst. Jeffrey Hibbs recently joined the agency’s asset finance group from T. Rowe Price.
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UBS will be exiting the hedge fund business sooner than expected, according to The Associated Press. Huw Jenkins, investment banking chief, told investors at a New York conference that Dillon Read Capital Management will be folded into UBS within a few months. “We said the integration could take up to 12 months,” Jenkins said. “From a practical point of view, I think it will be over and done within a couple of months.” Dillon Read had lost money for three straight quarters, including a $123 million loss in the first quarter on mortgage-backed securities trades.
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Jefferies Finance has hired Steve Goetschius from North Fork Business Capital to spearhead an expansion into larger corporate leveraged loans and work with Babson Capital in starting a standalone collateralized loan obligation business.
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Everbank mortgage originator BNY Mortgage has launched Prime Advantage, the first fixed-rate jumbo reverse mortgage.