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Ukraine triggers restructuring credit event
1 year ago
Ukraine has triggered a restructuring credit event, the Credit Derivatives Determinations Committee has ruled -
JP Morgan splits global head of institutional structuring role as it promotes three
2 years ago
JP Morgan has rejigged part of its credit structuring business with a set of promotions for officials who have covered SRTs, CLOs and CSOs as part of cross-asset roles -
HY index to only receive one fallen angel, as five rising stars leave for IG
2 years ago
The addition of rising stars from the high yield market will be a prominent feature of next week's CDX IG index roll. But changes listed for CDX HY suggest the reverse will not be true when it rolls a week later -
Russia debt hits default levels amid FX and asset lock-up
2 years ago
Russia appears to be on the brink of default on its debt, with bonds and CDS pricing in the likelihood of an imminent trigger -
Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
2 years ago
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners -
A&M hires high profile SRT official from StormHarbour
2 years ago
One of the biggest names in the significant risk transfer industry has joined Alvarez & Marsal in London -
Deutsche Bank adds credit trading head to US build out
2 years ago
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank -
Tranche trader leaves Apollo for sell side
2 years ago
BNP Paribas has filled a gap in its structured credit trading group with the hire of an index tranche market maker -
Fairwater eyes tranches and options as prospects ‘multiply’
3 years ago
Fairwater Capital is looking to capitalise on rising credit volatility by crafting a strategy that makes full use of the growing number of products in the credit derivatives industry -
Ex-JP Morgan portfolio manager joins boutique as head of structured credit
3 years ago
A portfolio manager who worked in JP Morgan's chief investment office (2008-2014) and with experience across macro credit trading, relative value, index tranches, options and CSOs has resurfaced on the buy side -
Blackstone opens up new horizons with CIO hire for multi-manager business
3 years ago
Blackstone Alternative Asset Management has launched a new platform named Blackstone Horizon and hired a hedge fund veteran as chief investment officer -
Redhedge launches European relative value fund with an eye on pair trades
3 years ago
Redhedge Asset Management has launched a Ucits version of its relative value credit strategy -
BlueCrest settles SEC charges of favouring internal fund over client capital
3 years ago
BlueCrest Capital Management has agreed to pay $170 million to settle charges related to a fund that managed internal capital -
Former GoldenTree high-flyers launch structured credit firm in Los Angeles
3 years ago
A former GoldenTree senior portfolio manager and business development specialist have launched an asset manager that will invest across an array of structured credit, including CLOs, synthetics and private transactions -
HSBC reveals details of its return to SRT issuance through two late-2019 deals
3 years ago
HSBC has shed light on its significant risk transfer business as part of its Pillar 3 disclosures -
JC Penney bankruptcy weighs on CLO and CDX HY baskets
4 years ago
CLO managers hold nearly $250 million of the debt of JC Penney, which filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Friday -
CLOs on lookout as Neiman recovery signals slump and DC confirms credit event
4 years ago
Five-year CDS referencing Neiman Marcus widened by four points to 95.25 points up front, according to IHS Markit, as the Americas Determinations Committee confirmed the US retailer has triggered a bankruptcy credit event -
Autos dominate in BofA €25 billion fallen angel watchlist
4 years ago
Downgrade impact for fallen angels in the coming months could be more extreme than during the 2008 financial crisis, Bank of America strategists have warned, as they identified €25 billion worth of debt at European investment grade companies most at risk of falling into high yield territory -
Credit hits new wides as US and Europe ramp up coronavirus battle plans
4 years ago
An emergency weekend rate cut by the US Federal Reserve as well as population lockdowns in France and Spain underscore that measures of economic risk have moved to a more systemic level as world governments scramble to deal with the impact of the coronavirus outbreak -
Citi reallocates credit index trading as veteran moves to buy side
4 years ago
A senior Citi credit official has expanded his remit following the departure of a veteran credit index trader -
It's imperative to remain in liquid assets and this makes CDS indices attractive
Mohammed Kazmi of Union Bancaire Privée takes our credit quiz
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Creditors left with sour taste as two food companies file for bankruptcy
4 years ago
Credit investors have been left to digest two US food company bankruptcy filings this week, with dairy producer Dean Foods triggering the first credit event to hit on-the-run series 33 of the CDX HY index, while Houlihan's Restaurants has also sought protection -
Return to quarterly rolls advocated as CSOs hit dry patch
4 years ago
A marked drought of synthetic bespoke activity since July largely results from caution ahead of the September CDS roll, say investors, with some suggesting a return to quarterly rolls for single name contracts should be considered. -
Top Gun triggers credit event, but there's no debt in the barrel
4 years ago
Top Gun Realisations 61, a New Look retail group private limited company that was previously named New Look Bondco I, has triggered a bankruptcy credit event, the EMEA Determinations Committee has ruled. But no CDS auction will follow since the reference entity has no debt outstanding -
Last of GSO's co-founders departs
4 years ago
It's the end of an era as GSO Capital Partners co-founder Bennett Goodman (the 'G' in GSO) will step down from the firm at the end of the year
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