Credit pays – in the long run
Bac Van Luu and Peiyi Yu crunch data going back to 1926 to figure out whether long term investors, such as pension funds, benefit from being overweight credit

Credit sales specialist exits role with French bank in London
Credit sales specialist leaves role with dealer

BlackRock portfolio manager joins New York credit hedge fund
Former BlackRock and Lehman credit specialist joins a leading credit hedge fund

Taking Merton to the extremes
The most widely used credit risk model fails in a financial crisis. David Allen, Akhmad Kramadibrata, Robert Powell and Abhay Kumar Singh show how it can be improved

Head of IG credit sales exits role with dealer
Head of investment grade distribution leaves role

CLO funds join listing of credit hedge funds
This month has seen a couple of changes in our listing of credit hedge funds

Taking account of ratings migrations
Vivien Brunel describes a way to model credit prices without having to rely on narrow historical data about ratings, and looks at its use in a calculation of incremental risk charge

Investors snap up rare b-wic of vintage CDO-squareds
After a day off from the US secondary CDO market, a six-item b-wic of CDO-squareds took centre stage

Avoca hires former sell-side structured credit head
A European bank’s former head of structured credit has switched to the buyside, joining CLO and credit hedge fund manager Avoca today

CLO investor offloads old equity positions as primary market bursts into life
A CLO investor placed $74.2 million of CLO equity from early vintage deals up for sale

New US manager plans CLO and more for 2012
A start-up boutique credit manager is gearing up for rapid expansion this year, beginning with its first CLO

Manager goes back to future with plans for bond-heavy CLO
A corporate credit specialist is bringing a CLO offering to the market with a difference

Secondary market sellers kick back bids as CLO prices rise
In the aftermath of this week’s two CDO liquidations, several other CLO sales have been arranged and investors are said to be keen to snap up mezzanine bonds but trading levels have been low.

CLO investors send out b-wics as CDO liquidations loom
B-wic volumes have certainly increased over the last couple of weeks and the cause might be two CDO liquidations due next week

Former structured credit head plans departure from European bank
Well placed sources suggest that the person who until recently headed a European bank's structured credit business is set to leave the institution

Investors snap up mid-market CLOs on a $16.88 million b-wic
A rare selection of mid-market CLOs and CDOs of ABS were available yesterday through a $16.88 million b-wic

Calculating risk in real time
Luca Capriotti, Jacky Lee and Matthew Peacock describe a new technique that can hugely reduce the time taken to calculate credit risk in a Monte Carlo simulation

European deals trade higher than US deals on mezzanine CLO b-wic
Demand for European CLO mezz looks to be strong after these bonds traded better than mezzanine US CLO notes on a b-wic yesterday.

Bank hires senior investment grade credit traders
A bank has made further hires to its credit business

Symphony’s unfinished business
West Coast alternatives manager Symphony Asset Management was early in creating a full blown credit business. Now it’s ready to build on its track record

Credit trading head resurfaces at broker
A former credit trading head has joined a broker in London

A faster way to crunch CVA
Exposure sampling could provide a quicker, more effective way for banks to calculate their counterparty credit risk