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21 results found Showing page 1 of 1
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Liquidity drought ends as dealers turn on taps
11 years ago
Buy-side firms have discouraged inflows amid recent concerns on lack of liquidity -
Loan bid list provokes intense interest
14 years ago
Large numbers of bids are expected for a bid list that closes at 10am New York time today - see list in full -
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 -
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 -
Harvard switches out of structured credit
14 years ago
Harvard's endowment has switched out of structured credit assets in the past year, saying that exposure has hit the fund’s liquidity -
Credit vehicle sues BMO over loan
14 years ago
A credit investment vehicle is suing Bank of Montreal in the New York state supreme court for cancelling its revolving loan -
Manager flips CLO senior for $1.6 million profit
14 years ago
A vehicle managed by one of leading credit managers sold for 92.5 cents in the dollar a senior CLO bond which it had bought in April for around 65% of par -
Credit vehicle says it has uncovered valuation deficiencies
14 years ago
A listed credit vehicle disclosed yesterday that it and its auditors had uncovered what it described as “internal control deficiencies” which made it unable to file its regular quarterly earnings report -
Australian pension giant makes new credit investments
14 years ago
One of Australia's biggest pension funds has placed investments with two credit fund managers -
Manager liquidates structured credit fund, reports Bloomberg
14 years ago
Bloomberg reports that Basis Capital is liquidating the smaller of its two original credit hedge funds, the Pac-Rim Opportunity Fund, and returning $34 million to investors -
Bear fund unwinds short CDO positions
14 years ago
The website seekingalpha.com reports that Pershing Square Capital Management has recently moved to wind down its short positions in CDOs -
Distressed credit buyers should target CDS auctions, says Barcap
14 years ago
Barclays Capital recommends that distressed investors looking to amass large positions in defaulted credits should put in buy auctions at the credit derivative settlement auctions -
Banks offer to buy out retail investors in New Zealand CDO fund
14 years ago
Investors in two retail structured credit funds in New Zealand have been offered cash equivalent to 60% and 62% of their original investment, according to local media reports -
Low recoveries hit European loan manager
14 years ago
A listed UK credit manager made a provision for credit losses, saying recoveries are likely to be lower than expected -
Los Angeles pension fund makes new credit investment
14 years ago
A California pension fund has made an investment in a structured credit hedge fund -
Declining par values hit CLO permacap
15 years ago
A vehicle which invests in th equity tranches of CLOs said that 40% of the deals in its portfolio were failing their most junior overcollateralisation tests -
Permanent capital vehicle switches to senior CLO tranches
15 years ago
A London Stock Exchange-listed closed-ended vehicle has gained investor approval to allow it to buy the senior tranches of CLOs -
It’s time to go long mezz, says Morgan Stanley
15 years ago
In a research report entitled Levering the lightly levered once again, Morgan Stanley says it expects the theme of dispersion and differentiation within credit to continue as the cycle plays out -
Credit manager backs into listed vehicle
15 years ago
A New York-based credit manager will merge with one of the permanent capital vehicles it manages -
CLO bid is bifurcating loan market, says Wachovia
15 years ago
Wachovia points out that the leveraged loan market has become bifurcated, with a few good credits trading at much higher prices than the bulk of the market -
Secondary CLO trade reveals vintage differentiation
15 years ago
An older vintage US cash CLO, Aurum CLO 2002-1, traded recently, according to market sources, providing an illustration of the premium attached to older-vintage, first-priority CLO paper
21 results found Showing page 1 of 1
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