Hedge funds on the up in May
Hedge funds on the up in May

Top BNP Paribas trader set for move to JP Morgan
BNP Paribas senior structured credit trader Olivier Vigneron has left the bank, say well placed sources, and is rumoured to be heading to a role in exotics trading at JP Morgan in London

Distressed ABS and structured credit funds pull in capital
Distressed ABS and structured credit funds pull in capital

Disagreement grows between alternative CDO valuation methods
Disagreement grows between alternative CDO valuation methods

New credit fund added to listing
New credit fund added to listing

I came, I saw, I downsized
I came, I saw, I downsized

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

InterDealer adds execution function as it looks to mend the plumbing
InterDealer adds execution function as it looks to mend the plumbing

Credit settlement emerges as biggest hurdle for central clearing
Credit settlement emerges as biggest hurdle for central clearing

Potential for reg cap unwinds still haunts correlation business
Potential for reg cap unwinds still haunts correlation business

CDO2 offers banks valuation tool
CDO2 offers banks valuation tool

Isda invites vendors to compete with TriOptima service
Isda invites vendors to compete with TriOptima service

South Korea alters legal framework to expand credit derivative activity
South Korea’s regulatory and legal framework is undergoing changes that could boost credit derivatives activity and pave the way for synthetic CDO transactions, just as domestic single name trading gathers pace

RBS launches online valuation and research tool
RBS launches online valuation and research tool

Interest increases in EM baskets
Interest increases in EM baskets

Barcap hires Nakum as NY credit head
Barcap hires Nakum as NY credit head

Year-end reg cap trade gives Dresdner first-quarter headache
Dresdner’s efforts to help a client tidy up its books over year end gave the bank a serious headache in the first quarter, disclosures by parent Allianz reveal

JP Morgan pushes tranche trading on CMBX
JP Morgan pushes tranche trading on CMBX

Tranche trading switches from correlation to relative value plays
The credit market’s transition from a depiction of systemic crisis towards more traditional idiosyncratic risk is raising the prospect of a collapse in equity tranche implied correlation, some participants believe

Markit drops buy-side charges for reference codes
Markit drops buy-side charges for reference codes

Bank to value all CDOs every day
Société Générale is hoping to a steal a march on other credit derivative dealers by introducing daily valuations for all synthetic CDOs, cash CDOs and credit CPPI products from the beginning of this month

CSO investors rush to get mortgage lender Rescap out of their portfolios
CSO investors rush to get mortgage lender Rescap out of their portfolios

Municipal bond index reports strong trading in first few days
Municipal bond index reports strong trading in first few days

Credit Suisse brings in new model to price in-the-money short unwinds
Credit Suisse brings in new model to price in-the-money short unwinds

Synthetic CDO investors call for openness from rating agencies
Synthetic CDO investors call for openness from rating agencies