Credit Suisse hire signals return to correlation in Europe
Credit Suisse has signalled its growing commitment to market making in European credit correlation by hiring a senior trader

CLO manager consolidation picks up as Ares buys Allied
The credit market is seeing further CLO manager consolidation with news that Ares Capital is to acquire Allied Capital in and all-stock transaction valued at $648 million

Credit salesperson rejoins colleague at French bank
A French bank has hired a credit salesperson

Manager plans $300 million CDO liquidation
A New York-based asset manager is preparing to liquidate a $750 million CDO of ABS next week, including a sizeable number of CDO holdings

Mooted sale may herald start of CLO manager consolidation
Market sources say that an owner's reported plans to its CLO management unit could be a first indication that the pace of CLO manager consolidation is picking up

Insolvency - Australia: no time to waste
Australian directors who don’t act quickly can find themselves liable for some of their company’s debt

Credit managers wake up to Ucits
One big disadvantage of Ucits III funds – the strict rules about liquidity – is also their trump card

Viewpoint - A new world is in sight
Mark Hale predicts a short-term correction but is optimistic that structured credit will see a broad revival next year

Manager seeks to offload CLO tranches
A CDO manager has put out its own bid-wanted-in-competition list for today at 11 am New York time comprising a series of bonds managed by respected CLO managers

Viewpoint - The good, the bad and the anomalies
With credit markets finely poised between recovery and further distress, Sohko Fujimoto asked analysts at five leading credit research teams where they find value

CLO-squared liquidation will test mezzanine CLO demand
A 2005 vintage CLO will liquidate today test demand for CLO mezzanine tranches

Large blocks of CDOs hit the market as high-grade CDO liquidates
Highland Capital Management’s Tierra Alta Funding, a $2.5 billion high grade ABS CDO will be liquidated this week with bids for the transaction’s CDO bucket due today

CBO trades as buyers re-appear
CBO trades as buyers re-appear

Senior CBOs trade in 90s
On Friday 31 July, a four-line bwic of CBOs had bids due

French bank gains one and loses one senior credit salesperson
French bank gains one and loses one senior credit salesperson

Buyers pick off piking CLO tranches
All the bonds from last Friday’s bid list of mezzanine CLO tranches traded, according to market sources

Largest ever bankruptcy adds to default tally
Largest ever bankruptcy adds to default tally

Older vintage CBOs attract premium bids at auction
Further evidence emerged of the strong demand for secondary CLOs in this week’s flood of bid lists

Trading head departs manager
Investment manager loses trading head, according to official sources

Bank loses structured credit specialists
Several members of structured products group depart firm

Managers: A model of consistency
Managers: A model of consistency