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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Student loan provider, Sallie Mae, has agreed to be sold to J.P. Morgan Chase, Bank of America and two private-investment funds for $25 billion, according to The Wall Street Journal. New York-based JC Flowers & Co. and San Francisco-based Friedman Fleischer & Lowe plan to take a 50.2% ownership in the newly private firm, with J.P. Morgan and Bank of America each taking 24.9% stakes in the company, formally known as SLM Corp.
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James Furash has left his position as ceo and president of Countrywide Bank.
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Brevan Howard Asset Management is setting up an asset-backed securities platform in the U.S. and has hired Najib Canaan to lead the effort.
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Brevan Howard Asset Management is setting up an asset-backed securities platform in New York led by Najib Canaan.
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Ex-Credit Suisse distressed trading official Joe Brosnan is reportedly headed to the Royal Bank of Scotland.
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Michael Rieger, head of AIG’s securitized assets group, is leaving to join Seix Advisors.
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Guggenheim Capital Markets has hired a mortgage-backed securities and collateralized mortgage obligation sales and trading team in Los Angeles.
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Joe Brosnan has left the distressed loan desk at Credit Suisse as of Tuesday. Brosnan reported to Bob Franz, co-head of U.S. loan sales and trading, head of distressed trading. The distressed desk won the award for Best Distressed Desk in Credit Investment News’ awards in 2006 and 2005. Calls to Franz and Brosnan were not immediately returned and it could be determined where Brosnan is headed.
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Ptarmigan Capital has tapped Arvind Bajaj to be a principal at the hedge fund focusing on global real estate products.