High yield desk analyst jumps to Morgan Stanley in New York
High yield desk analyst switches to Morgan Stanley in New York from rival dealer

Senior credit analyst re-joins buy side with move to Carlyle
US-based asset manager hires credit analyst in London after less than a year at a dealer

Credit default swaps stop fire sales
Companies with credit default swaps have more liquid bonds and tighter spreads than those that don’t because investors can hold their bonds after a downgrade

Bank holders offload Zohar CLOs as performance fears grow
The original investors in a trio of highly unusual CLOs have started offloading their positions

Traders rush to put on “convexity packages”
Investors are piling into trades buying long-dated liquid bonds along with shorter-dated credit default swaps

Former Credit Suisse distressed debt head joins asset manager
Former head of European distressed credit trading at Credit Suisse resurfaces at US-based asset manager 

Credit hedge fund manager CQS hires sell-side financials trader
Former director with London bank makes shift to asset manager in London 

Hedge fund manager hires former sell-side credit flow trading head
Former head of flow credit trading at several banks joins asset manager in London as portfolio manager  for credit

Gone but not forgotten
ACA Capital’s spectacular collapse heralded the demise of the monoline business and scattered its employees into jobs right across the credit space

Octagon senior portfolio manager switches to hedge fund giant
Octagon's Don Young is widely expected to take up a position running the credit platform for a giant fund manager

Decade old CLO hits event of default
Class D noteholders in a 2001 european CLO left out of pocket as notes reach maturity without cash to repay principal balance

Credit hedge fund hires senior former credit structurer from UBS
Structured credit specialist joins buy-side firm from UBS in London 

Credit hedge fund hires ex-Lehman credit structurer
A former Lehman Brothers credit structurer and trader has joined a global credit hedge fund manager in London

Filings shows Apollo paid up for Stone Tower incentive fees
A recent filing from Apollo has for the first time revealed the price the firm paid for credit asset manager Stone Tower Capital

Stone Tower co-founder exits Apollo
One of the co-founders of Stone Tower Capital has left his role at Apollo Global Management in recent weeks

Zais deals make a splash in Creditflux's final CDO IRR ranking
Two Zais-managed CDOs that were called between four and five years ago have entered Creditflux’s ranking of CDOs by final IRR

Ares CLOs post 20%-plus returns to enter top-15 of IRR ranking
Two of the earlier Ares CLOs have made a splash into Creditflux’s ranking of called CDOs with the highest IRRs

GSC deal makes it into top-15 of Creditflux's CDO IRR ranking
A GSC-managed deal has made its way up to 12th place in Creditflux’s ranking of CDOs with the highest final IRRs

European CLOs take on the wall
Many European CLOs will exit their reinvestment periods within a year and will be vulnerable to rising default rates. Peter Melichar looks at the likelihood of this leading to tranche losses