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Securitization People and Markets

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  • HSBC in London has hired Alex Rothlyn, associate director in the residential mortgage-backed securities team at Bear Stearns in London, as an associate director in securitization.
  • J.P. Morgan is close to wrapping up a new $190 million loan for San Antonio-based Eye Care Centers of America.
  • Bank of America, ABN Amro and The Royal Bank of Scotland have launched a new term loan for European cable operator UPC that increases the institutional debt from $525 million to $1.125 billion.
  • AIM Trimark Investments has launched Canada's first open-end floating rate mutual fund, the Trimark Floating Rate Income Fund.
  • Nonbank lenders have become more aggressive competitors to U.S. commercial banks as they are attracted to the senior status of loans in bankruptcy and restructuring proceedings, according to the Federal Reserve's January 2005 senior loan officer opinion survey prepared by William Bassett and Fabio Natalucci.
  • J.W. Childs Associates, the Boston-based private equity firm and owner of American Safety Razor (ASR), is taking a $92 million dividend through a recapitalization.
  • Azura Capital, the event-driven hedge fund run by industry veterans Peter Lupoff and Mark May, has hired Brian Cohen, a former analyst at EagleRock Capital Management.
  • BlueMountain Capital Management, which manages a relative-value corporate credit fund with approximately $2.6 billion in assets, has hired four investment professionals.
  • Credit Suisse First Boston will launch a $580 million loan package for Maguire Properties, backing its $1.51 billion acquisition of CommonWealth Partners.