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Securitization People and Markets

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  • Jeff Maillet, founder of the Chicago-based Noble Asset Management and one of the earliest institutional players in the loan market, has opened his doors to outside investors with the launch of a multiple strategy fund.
  • Robert Spector, head Canadian economist and chief strategist at Merrill Lynch in Toronto, plans to leave the firm and join McLean Budden, a Canadian asset manager with C$12 billion in fixed income.
  • Scotia Capital played matchmaker between Kohlberg, Kravis Roberts & Co., and Masonite International Corp. after KKR officials asked Scotia bankers if they had a relationship with the Canadian company.
  • GE Commercial Finance Corporate Lending has established a Pittsburgh office.
  • Calyon Americas has snared a leveraged finance pro from CIBC World Markets and is looking to power up its New York-based loan syndication group.
  • Cleco Corp. is planning to rework two unsecured credit facilities totaling $275 million arranged last April.
  • A Dallas broker-dealer is looking for a salesman/trader to join its headquarters.
  • Worldspan, the travel technology company, was downgraded by Moody's Investors Service after equity investors Citigroup Venture Capital and Teachers Merchant Bank of Toronto announced they are taking out a $320 million dividend through a new bank and bond deal.
  • Pirate Capital, the event-driven hedge fund run by former Goldman Sachs bank loan trader Thomas Hudson, has hired Matthew Goldfarb, a counsel at Carl Icahn's Icahn Associates, and Steven Loukas, a Scotia Capital leveraged finance associate.