Structured Credit

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Citigroup Arranges $600M Guggenheim CLO

Citigroup has arranged a $600 million CLO that will be managed by Guggenheim Investment Management. The CLO consists of a $110 million triple-B-rated tranche, a $180 million equity tranche and a...

Obligor Concentration Risk Dips in 2Q

In 2Q10, CLO obligor concentration risk decreased slightly in outstanding Standard & Poor's-rated U.S. cash flow deals, the agency said in a recent report...

Apollo Capital Unit Picks U.S. Bank for ALM Funding Deal

An affiliate of Apollo Capital Management has chosen U.S. Bank as trustee, collateral administrator and custodian for its recent ALM Funding 2010-1 deal...

Jefferies Hires CDO/CLO Expert

Jefferies appointed Erez Biala as a managing director and global co-head of CLO and CDO trading...

Alcentra Takes Over CLO from WestLB

Alcentra, an asset manager overseeing $18 billion in leveraged loans and high yield bonds, takes over running the €300 million ($368 million) Silver Birch CLO I BV from WestLB Thursday...

Cowen Launches Credit Fixed Income Group

Cowen Group has launched a credit fixed income division to be headed up by Kevin Reynolds, with Leonard Sheer as managing director, the firm said...

Jefferies Adds to Asia Emerging Markets Group

Jefferies & Co Inc. said on Tuesday it hired Sandy Oh and Eng Keong Ong to its fixed income emerging markets sales and trading business in Asia...

Knight Adds Three to Cap Markets Team

Knight Capital Group has hired three managing directors for its capital markets team: Mark Aitken, David Barcus and David Lessen...

FASB Proposes New Mark-to-Market Regulation

The Financial Accounting Standards Board (FASB) has proposed stricter rules that would require banks and other lenders to price their loans at their current market value...

Deutsche Bank Hires Jefferies CDS Trader

Deutsche Bank has hired Jefferies trader Bob Keller for its global markets division, where he will trade cash and credit default swaps, the bank announced...

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