Crystal’s structured funds put in sparkling returns
New to the Creditflux hedge fund listings this month are three funds managed by Crystal Fund

Greek telco rallies against market on privatisation move
Amidst a discernibly risk-off day, telco OTE went against the trend on news that the Greek government is considering selling off its stake in the firm

Spreads edge wider as all eyes turn to US data
European credit spreads have edged wider cautiously ahead of today’s US nonfarm payrolls (expected at 12.30pm GMT)

Greece continues wider despite tax and restructuring assurances
The European market has reopened after the long bank holiday weekend with flattish trading of credit indices

Speciality finance name rallies sharply on early debt payments
High yield name iStar Financial is seeing another strong rally today after reporting first quarter results 

Credit rallies on sovereign auctions and Bank of England minutes
The success or otherwise of Portugal’s debt auction today is a matter of debate amongst market participants, but overall credit spreads in Europe have taken another turn tighter

SovX continues sharp push wider as political concerns mount
European sovereign credits are sharply wider today, with the weekend’s election results in Finland adding to fears of a Greece debt restructuring

Engineering firm leads rally on CDS deliverables talk
Credit spreads continue there rally today

BDC loan assets soared in 2010 and continue to rise
Business development companies that invest in US mid-market debt increased their net assets by 60% last year

Structured credit funds continue strong run
Credit hedge funds in the ABS/CDOs category continued their strong run in February, according to our latest data

Strongly performing distressed fund makes debut
Phoenix Investment Adviser-managed JLP Credit Opportunity Fund has been one of the best performing distressed funds in recent months

Mortgage insurers rally on talk of issuer regulatory exemptions
Yesterday saw a rally of US mortgage insurer credits on talk that US regulators may exempt some banks and issuers from new laws requiring them to keep a stake in loans they securitise

Peripheral weakness takes spreads wider after active roll day
After the strong tone seen in yesterday’s active European roll session, weakness has returned today with SovX Western Europe constituents all heading wider

Insurer opco and holdco trading heats up on new testimonies
MBIA is in credit trading focus at the outset of the US week after four former New York State Insurance Department superintendants criticised in sworn testimony the department’s handling of the insurer

Hedge fund sees second successive month of big returns
A focus on balance sheet and arbitrage CLO market inefficiency and dislocation helps fund to impressive February return.