Bloomberg reports that Babson Capital Management took over management of a $680 million CDO from Hartford Financial Services Group this month. However, the article does not name the deal. It adds that Deutsche Asset Management replaced Brevan Howard as manager of another CDO in April.

News
Bank reports sharp drop in new write-downs
New long-short credit fund launched, reports Hedge Funds Review
Eurex announces plan for European central counterparty
SQX selects PF2 for CDO evaluations
Wachovia reports $6.1 billion in writedowns with $565 million market losses tied to CDOs
Top stories [more...]
People
London manager continues to grow team
Manager hires bank tranche trader
Primus hires legal head
Bank moves head of CDO trustee sales
Former European credit trading head departs bank
Who’s on the move [more...]
Markets
Rumours still persist though HBOS' volatility wanes
European indices edge back wider
Indices tighten back despite volatile single names
Counterparty risk stabilises after volatile week, says CDR
Poor bank performance looms over iTraxx indices
Trading commentary and analysis [more...]
Deals
Deerfield takes over Robeco CDO
Bank failure threatens trups CDO liabilities, finds JP Morgan research
S&P places 57 US CDOs on watch negative
Prudential Financial announces role on new balance sheet CLO
SIV auction resulted in average 44% price, says Financial Times
New deals and the pipeline [more...]

Newsletter

July 2008
News: S&P move could devastate CSO market; Top BNP trader moving to JP Morgan; ACA to be wound up in weeks
People: Top Bear staff joining JPM; CDO advisory launched; London manager hires
Analysis: Clearing out counterparty risk
Profiles: Kempen Capital Management; FSI Capital
Comment: Wolseley; Fishknife

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