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Senior investor seeks to block Cohen's trups CDO plan
14 years ago
An investor has slammed manager Cohen & Company for seeking to allow several of its trups CDOs to carry out debt exchanges -
CDO liquidation unleashes early vintage assets
14 years ago
A $1 billion notional high grade ABS CDO starts liquidating its pool of 26 2004 and earlier cash and synthetic CDOs today -
Market absorbs heavy flow of secondary CDOs
14 years ago
At least seven CDO b-wics hit the market last week, including two forced liquidations, as market participants look ahead to continued flow of bid lists this week -
Bank pays up for CLO mezzanine
14 years ago
Investment banks are continuing to suck up CLO bonds in auctions, buying assets ranging from triple A to double C at a heavy and steady pace -
CDO-squared liquidation produces large number of trades
14 years ago
A New York-based money manager liquidated a CDO of CDOs at 1pm on Tuesday with the majority of the pool trading -
JP Morgan wins bid on CSOs
14 years ago
Yield-hungry hedge funds and bulge bracket banks are increasingly turning to synthetic CDOs as they look to buy structured credit assets they perceive as being undervalued -
SIV liquidation assets trade back to former holders
14 years ago
The vast majority of the assets sold in Friday’s jumbo SIV liquidation auction ended up in the hands of the controlling investors in the Victoria Finance SIV -
Dealers step up secondary CLO risk-taking
14 years ago
Recent months have seen a sharp increase in dealers’ appetite for risk across asset classes, but the trend is particularly noticeable in the secondary CLO business -
Trups CDO managers eye par-boosting restructurings
14 years ago
Managers of trups CDOs are pitching restructuring deals to the banks that issue the trust preferred securities they own -
Legal ruling creates windfall for junior CLO investors
14 years ago
Investors in a number of European CLOs are gearing up for a legal battle over what appears to be a basic drafting error in their documentation -
CDO investors succeed in overturning Lehman agreement
14 years ago
An agreement intended to settle CDO claims by Australian investors against Lehman Brothers has been overturned -
Controlling investors set to side-step SIV firesale
14 years ago
Scores of structured credit investors were expected to be denied the opportunity to buy assets in one of the biggest structured credit portfolio liquidations to date -
MGM mauls CLO values
14 years ago
A likely payment default by one of the most widely held loan names, revealed late last month, could hit the performance of a large number of CLOs -
Trustee sets date for CDO-squared liquidation
14 years ago
New York-based manager appointed to manage liquidation -
Mid-market CLO gains deep discount amendments
14 years ago
A mid-market loan specialist has secured a relatively unusual change to the rules governing its CLO, gaining a big increase in the amount of deep discount obligations it can buy -
S&P could trigger CSO restructurings, says Morgan Stanley
14 years ago
Morgan Stanley says that Standard & Poor’s CDO methodology changes, which will lead to significant downgrades from AAA, are unlikely to force many CLO investors to unwind their holdings -
Tranche traders herald LSS entry point as index rallies
14 years ago
With credit index spreads having sharply tightened so much recently, traders in New York say that leveraged super senior activity has fast become a more likely prospect -
Trups CDO auction heralds large supply ahead
14 years ago
The largest visible auction of first-pay trups CDOs positions this year has bids due today (17 September) -
CLO secondary market absorbs heavy supply
14 years ago
The hundreds of millions in US cash CLO supply since the start of September have yet to move CLO bond prices significantly, according to sell-side traders -
CLO list brings few sales as manager waits for better offers
14 years ago
A highly regarded CLO manager put out a bid list of CLO paper on Monday, but ended up selling only a handful of the upper mezzanine bonds -
World’s largest CDO equity holder starts selling
14 years ago
An institution that is thought to be the world's largest holder of CDO equity has started to sell part of its behemoth portfolio, according to well placed market sources, amid signs that holders are increasingly willing to sell into the growing demand for CLO equity -
TrinTik launches auction-based online trading platform
14 years ago
Today sees the launch of TrinTik, an internet-based specialty financial instruments trading platform that claims to be the first of its kind -
CLO investor signs up with software provider
14 years ago
Structured credit software provider CDO Software has signed up London-based asset manager Pearl Diver Capital as a client for its CDO Director product -
Judge orders UBS to set aside money in "crap" CDO case
14 years ago
The Wall Street Journal reports that UBS has been ordered by a court in Connecticut to set aside $35.5 million to cover a potential judgment against it in a case over the mis-selling of CDOs -
Trustee cancels scheduled CDO sell-off
14 years ago
Bank of New York Mellon has cancelled a liquidation of a 2006 CDO of ABS that was scheduled for 21 September
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