The Wall Street Journal reports that former Goldman Sachs credit prop trader Steve Mandis has left Halcyon Asset Management, citing a letter from the firm to clients. Mandis joined the firm in 2004 to expand its credit investment business. The article says that Mandis was responsible for around one-fifth of Halcyon's $5 billion funds under management.
November 2008
News: CDS players smell rat after Rentokil private issue; Discount rules halt CLO trading; Morgan Stanley sells CDPC to Magnetar
People: Banks downsize credit prop operations; BNP Paribas reorganises trading; Fast moves
Deals: Investors sniff potential for further triple A CLO widening; Australian investors hope for windfall pay-out
Funds: Big name partners attract funds for structured opportunities strategy; Lehman collapse and loan falls dent returns
Analysis: Lifting the lid on CDO performance; Structured credit outperforms
Profiles: Viewpoint - Jonathan Trutter; Stanfield
Comment: Fishknife, Wolseley
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