Latest news
Latest news
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
Debut manager is launching a CLO platform building on leveraged loan market experience
More articles
More articles
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Following a meeting of the Financial Accounting Standards Board (FASB), U.S. loan participations likely will continue to receive sales accounting treatment under amended FAS 140 so long as the transfer constitutes a true sale.
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BlueBay Asset Management has hired Anthony Robertson, senior v.p. and high-yield portfolio manager at Putnam Investments in London, as senior portfolio manager and co-head of high-yield.
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Investors are pulling together to push back aggressive repricings or are trying to find a middle ground with issuers who have been the beneficiaries of a super-hot market. -
It pays to be in distress.
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The recent decline in the yield of the benchmark 10-year Treasury note is leading previously skeptical high-yield issuers to take a second look at the market and consider issuing bonds in the coming five months, according to capital markets heads.
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Bank of America landed the lead spot on Denny's Corp.'s new credit by being competitive and offering the best deal, according to Ken Jones, Denny's v.p. and treasurer.
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Galloway is head of the enhanced cash team, which is part of the European cash management desk at BGI in London.
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Citigroup Asset Management plans to launch a floating-rate closed-end fund.
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Maxcor Financial Group, an institutional broker-dealer, is refocusing its business on crossover, high-yield and distressed credits, said Jon Sablowsky, head of high-yield trading and sales at Maxcor.
