News digest
News digest of company announcements, bank research and articles in the generalist press
New long-short credit fund launched, reports Hedge Funds Review
Hedge Funds Review reports that Connecticut-based Noroton Capital launched the Noroton Event Driven Opportunity Master Fund on 1 July with $60 million of capital [more...]
News Digest, 24 July 2008
Eurex announces plan for European central counterparty
Eurex Clearing, the clearing arm of derivatives exchange Eurex, says it plans to build a European central counterparty for over-the-counter credit derivatives [more...]
News Digest, 23 July 2008
SQX selects PF2 for CDO evaluations
Illinois-based independent data provider Securities Quote Xchange has announced that it has selected PF2 Securities Evaluations to provide CDO evaluations for its clients [more...]
News Digest, 23 July 2008
Counterparty risk stabilises after volatile week, says CDR
Credit Derivatives Research says that its Counterparty Risk index has stabilised close to the wides after a week of ‘tempestuous’ volatility among financial names [more...]
News Digest, 22 July 2008
Wachovia reports $6.1 billion in writedowns with $565 million market losses tied to CDOs
Wachovia has $238 million in subprime residential ABS CDOs. [more...]
News Digest, 22 July 2008
S&P and Moody's cut Wachovia on mortgage and ARM portfolios
Moody's says losses on option ARM portfolio are now at about $16 billion from $8.5 billion. [more...]
News Digest, 22 July 2008
Primus hires legal head
Credit derivative product company Primus has announced that it has hired Vincent Tritto, previously senior legal counsel at BlackRock, as general counsel [more...]
News Digest, 22 July 2008
Deerfield takes over Robeco CDO
Deerfield Capital has announced that it has taken over management of Robeco CDO II [more...]
News Digest, 22 July 2008
Pension fund takes CAD920 million write-down on CDOs and ABCP, reports Globe & Mail
The Globe & Mail reports that Canada's federal government workers’ retirement fund has booked CAD920 million ($918 million) of losses on holdings of asset-backed commercial paper and CDOs. [more...]
News Digest, 22 July 2008
Bank failure threatens trups CDO liabilities, finds JP Morgan research
New research by JP Morgan finds that IndyMac is one of the most widely held names by trups CDOs [more...]
News Digest, 22 July 2008
Other recent items
22 July 2008
21 July 2008
18 July 2008
17 July 2008
16 July 2008
15 July 2008
14 July 2008
[more...]
We also publish daily news, available exclusively to Creditflux subscribers
The online version of our printed newsletter is available exclusively to Creditflux subscribers