Bank hires EM loan trading head
A bank has hired an experience EM loan trading head, say sources

Bank hires experienced middle east credit trader
A bank has hired an experienced middle east credit trader

In defence of the Gaussian copula
It’s been called the model that killed Wall Street, but Jean-David Fermanian argues that the structured credit market’s Gaussian copula model has been unfairly maligned

New ucits fund aims to take advantage of India’s credit growth
London-based asset manager ACPI has launched an India fixed income ucits fund to accompany its current offshore India fixed income fund

AIB sells European CLO business
Allied Irish Banks has sold the four CLOs it manages, totalling €1.7 billion, according to notices sent to investors

Top trader rejoins bank to head global EM credit trading
A bank has lured back its former top emerging market bond trader

Structured credit specialists move to New York-based broker
Two structured credit specialists have moved to New York-based broker the Seaport Group

Former Bear structured credit specialist returns to London market
A former Bear Stearns managing director is returning to the credit market in London

Churchill Pacific acquisition prompts merger speculation
Resource America has won the long fought battle to buy Los Angeles-based CLO manager Churchill Pacific

Former prop head takes financials trading role
A former prop credit trading head has taken a financials trading role

Rapid CLO supply leads to more secondary market trades
CLO supply continues to flow in the secondary market with six bid wanted lists circulating yesterday

Ex-Deutsche correlation trader joins investment manager
A former Deutsche Bank credit correlation trader has recently moved to an investment manager

Pricing counterparty risk
In the first of our series of articles exploring technical aspects of the credit markets,
Eduardo Canabarro examines models for pricing credit valuation adjustment, or CVA

Sequel to Tricadia CDO liquidation draws in high bids
The second and final part of Tricadia 2005-03’s liquidation occupied another busy day of secondary CDO market trading yesterday

We didn’t mislead CDO investor, former Barclays structurer tells court
Former Barclays Capital credit structurer Antonio Agresta testifies to a UK court

B-wic sees Clock Finance strike a high price
A slice from a rare synthetic SME CDO was on offer yesterday with one investor posting a cover bid in the 90s for a single A rated piece

C-Bass filing may herald CDO chapter 11 stampede
The decision of C-Bass to file for bankruptcy on Friday may be just the start of a trend for CDO managers to file for bankruptcy, say market sources

Hedge fund sponsor hires veteran sales head
A privately owned hedge fund sponsor has hired a head of sales

Cheyne and Socgen team up on “balance sheet” CLO fund
Societe Generale and London-based credit hedge fund manager Cheyne Capital have teamed up on a novel plan to kick-start the synthetic CLO business

Dublin’s Key Capital off-loads CLO equity
Dublin-based Key Capital is understood to be the source of one of the few bid lists of European CLO equity that have circulated recently

Credit trading head departs German bank
A German bank has lost its London-based credit trading head