ACA pulls in rest of bond insurer sector
ACA CDS eases back as deal eyed as blueprint for others.

Merrill clears out its supersenior CDO book at 22 cents in the dollar
Merrill Lynch yesterday sold $30.6 billion in face value of super senior CDOs of ABS for $6.7 billion to Lone Star Funds

Bank hires secondary CDO head
Bear Stearns’ New York-based senior managing director and head of secondary CDO trading Adam Siegel has joined RBS Greenwich Capital, according to official sources

Paris-based manager closes new CSO
Paris-based manager closes new CSO

Broker hires credit trading head
Broker hires credit trading head

Ex-Calyon team set to go live with Chenavari Dislocation Fund
A high-profile credit fund manager – Chenavari Credit Partners – is understood to be on the point of launching

Clearing out counterparty risk
Many in the credit derivatives market argue that a central counterparty will help reduce risk – but dissenting voices are being heard

Recently launched fixed-income boutique to add credit trading arm
Recently launched fixed-income boutique to add credit trading arm

Three-year LCDX tranche activity dominates
Month-end hampers some flow, but trends still visible in LCDX.

Manager prices its third CLO this year
GSO Capital Partners last week priced one of the few new CLOs seen recently, confirming its emergence as one of the most active managers in the market currently

FSA leads mini rally in bond insurers
FSA's CDS tightens hundreds of basis points on credit line.

OCC survey shows renewed focus on fundamental credit risk
OCC says underwriting standards tightened for all commercial loan products.

Radian blows further in CDS as mortgage sector under pressure
Radian, Ambac and MBIA among the session wideners.

WaMu CDS takes a hit on expectations of more mortgage losses
A UBS report adds to Washington Mutual's gloomy outlook.

Rights offerings turn financial CDS relationships upside down
Barclays' potential rights offering points to more spread widening.

Global structured syndicate head joins asset manager
Former JP Morgan managing director and global head of structured syndicate Kathy Sutherland is rumoured to be joining New York-headquartered GoldenTree Asset Management’s London office as a partner and head of European marketing

Bank of America pricing breaks US CLO drought
Bank of America pricing breaks US CLO drought

ICE agrees to buy Creditex
ICE agrees to buy Creditex

Penultimate shorters scared away by prepayment prospects
Penultimate shorters scared away by prepayment prospects

ICG posts £230 million profit but notes credit fund mark-to-market fall
Intermediate Capital Group has released end-of-year figures showing the fund/CDO manager and specialist provider of mezzanine finance made pre-tax profits of £230 million in the 12 months to 31 March – up from £224 million (or 2%) in the previous year