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Securitization People and Markets

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  • Roberts, investment director at Standard Life Investments in Edinburgh, manages £500 million in global government bonds against the J.P. Morgan Global Government Bond indices.
  • Credit Suisse First Boston is boosting its London-based European distressed loan trading desk by bringing on board Kevin Lydon from Merrill Lynch as co-head of distressed trading.
  • John Vibert, mortgage-backed securities trader at Morgan Stanley, intends to join Credit Suisse First Boston soon in a similar role.
  • Credit Suisse First Boston set pricing on KGen Partners $475 million bank deal after a bank meeting Feb. 15.
  • The Goodyear Tire & Rubber Company is looking to cash in on low interest rates and improved performance by refinancing its bank debt.
  • Hartford Investment Management Company is launching its first retail loan fund. The Hartford Floating Rate Fund will be managed by Michael Bacevich and John Connor.
  • First Trust Advisers and Highland Capital Management have teamed up to sell a closed-end retail loan fund to Canadian investors.
  • William Hughes, managing director, will head U.S. loan syndication at Lehman Brothers following the resignation of Steve Sterling.
  • Allied Waste Industries is putting in place a $3.45 billion credit facility, consisting of a five-year $1.55 billion revolver, a seven-year $1.45 billion term loan and a $450 million institutional letter of credit facility.