Dealers scramble to re-hedge ACA exposures as it lurches to the brink
Dealers scramble to re-hedge ACA exposures as it lurches to the brink

Quants get jumpy with release of bottom-up credit model
Quants get jumpy with release of bottom-up credit model

CDO Software wins first client
CDO Software wins first client

Cairn Capital closes loan opps fund
Cairn Capital closes loan opps fund

Credaris to launch correlation vehicle
Credaris to launch correlation vehicle

Credit hedge funds battered by dramatic liquidity withdrawal
Credit hedge funds battered by dramatic liquidity withdrawal

Montreal-based pension fund quits structured credit after conduit crisis
Montreal-based pension fund quits structured credit after conduit crisis

Middle East bank hires SIV specialist
Middle East bank hires SIV specialist

Taiwan bank threatens legal action over CDO
Taiwan’s China Development Industrial Bank is considering legal action against Citi over a CDO that went into forced liquidation, according to several well placed sources

FBR eyes mortgage opportunities with first quarter launch
FBR eyes mortgage opportunities with first quarter launch

Dealers cram CDOs into level three
There is growing anecdotal evidence that credit derivative dealers are moving ever greater number of CDOs into the new “level three” category for mark-to-market accounting treatment

LCDS liquidity prompts active trading strategies
LCDS liquidity prompts active trading strategies

Synthetic collateral has hidden risk
Synthetic CDO investors have credit exposure to monoline insurers that they may be unware of because of the nature of the “cash” collateral used in many synthetic deals, according to structured credit specialists

Fears grow over ABS CDO arrangers’ exposure to super senior tranches
Fears grow over ABS CDO arrangers’ exposure to super senior tranches

Aladdin takes single name route
Aladdin takes single name route

Dealers line up Paulson’s next short, an Alt-A index
Dealers line up Paulson’s next short, an Alt-A index

Investors focus on deliverables as monolines trade wider
Investors focus on deliverables as monolines trade wider

Liquidation triggers drive CDO trading
Liquidation triggers drive CDO trading

Terminus at the end of the road
Terminus at the end of the road

Barcap overhauls New York credit trading
Barclays Capital’s New York-based head of fixed income Eric Bommensath has moved to take direct responsibility for the investment bank’s credit derivatives

Paris-based fund manager Tikehau joins race for distressed assets
Tikehau Investment Management, the Paris-based fixed income fund manager set up late last year by the former head of Merrill Lynch in France, Bruno de Pampelonne, has raised €100 million for a new fund specialising in distressed credit

Emerging markets specialist plans launches
Emerging markets specialist plans launches

Competing fund styles battle to raise distressed credit billions
Competing fund styles battle to raise distressed credit billions

Deutsche denies WinCap closure
Deutsche Bank has moved to quash market speculation that its credit-focused principal finance business Winchester Capital is to shut up shop or be split between different business areas at the bank, following the departure of the unit’s global head Alex Graham

Synthetic CDO volumes set to plummet
Synthetic CDO volumes set to plummet