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Securitization People and Markets

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  • GSC Group has launched a multi-strategy credit hedge fund, according to a Goldman Sachs' cap intro document.
  • Anchorage Capital Group is set to launch a quantitative structured credit fund this month, according to a Goldman Sachs' cap intro document.
  • Les Lieberman, who helped form Indosuez Capital, has teamed with three other industry veterans to form Porticoes Finance, a firm that will focus on financing for middle-market companies.
  • Moody's Investors Service extended to Dec. 1 its comment period for proposed changes to its U.S. cash-flow collateralized loan obligation rating methodology.
  • Moody's Investors Service has decided not to implement ratings transitions for investment-grade issuers that are subject to event risk.
  • Issuers could face downgrades if their liquidity is impaired under the Financial Accounting Standards Board's new pension and employee benefits accounting rules.
  • Eric Chilton has joined Fortis as a managing director and U.S. head of corporate and investment banking.
  • Royal Bank of Scotland announced that Euan Hamilton, global head of leveraged finance and high yield, will relocate to the U.S.
  • Last Monday, Moody's Investors Service began rolling out new ratings for various sectors utilizing its new loss-given-default (LGD) and probability-of-default (PD) ratings.