Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
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Goldman Sachs has counter-attacked claims that its exposure to the subprime mortgage sector is significant. Goldman CFO David Viniar said reports that the subprime meltdown will hit the firm hard are overstated, and in fact, Goldman remains largely unaffected by the problems. Viniar went further, saying that concerns that the subprime problems may spill over into other sectors of the subprime market are also off the mark. "The problem is largely contained in the subprime market," Viniar said in a conference call on Tuesday morning. He added that the mortgage business is an important, but modest, component of Goldman’s overall profit pie.
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Lee Rochford is set to join Royal Bank of Scotland in April to run its European financial institutions asset-backed securities business.
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Ranajoy Sarkar has joined Citigroup Alternative Investments’ structured credit team. He comes on board as a portfolio manager focusing on collateralized debt obligations and asset-backed securities.
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Greg Park has left Calyon, where he was head of Asian securitization, to join Deutsche Bank as regional head of Asian securitization ex-Japan and managing director.
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Deutsche Bank has lost a v.p. and mortgage-backed securities researcher.
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GSC Group has two collateralized debt obligation squared deals in the works. The Florham Park, N.J.,-based CDO manager is doing the deals now because of the good arbitrage available.
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Citigroup is looking to beef up its balance sheet synthetic structuring business in London as part of a global credit structuring reorganization.
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New York-based hedge fund Paulson & Co hit paydirt last month with a series of derivatives trades that gave it short exposure to subprime mortgage asset-backed securities.
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Mizuho Securities has added two professionals to its fledgling collateralized debt obligation group.