Putting low rates under a microscope
Cho-Hoi Hui suggests using a double square-root process with a non-linear drift term to capture recent near-zero interest rates more accurately when pricing corporate bonds

Spotlight on retail: Penney dreadful
JC Penney’s catastrophic trading strategy is proving a case study in subordination risk for bond investors

Oh Brothers, where art thou?
Lehman Brothers’ collapse scattered one of the best regarded structured credit teams in the business around the investment banks and hedge funds of the world

Mined in Paris. Forged in London
In Paris, an exclusive university has built a web of well educated and well connected credit traders, sales people and structurers who now circle the financial world

Symphony’s unfinished business
West Coast alternatives manager Symphony Asset Management was early in creating a full blown credit business. Now it’s ready to build on its track record

Pricing counterparty risk
In the first of our series of articles exploring technical aspects of the credit markets,
Eduardo Canabarro examines models for pricing credit valuation adjustment, or CVA

In prime position
SPM made a mint shorting subprime RMBS. Prime could be the next money spinner

In search of European distress
Most of the new breed of distressed credit funds are targeting mainly US assets. Tikehau sees opportunities closer to home

End view: Playing by the rules
End view: Playing by the rules

Investor profile: Deerfield Capital Management
Investor profile: Deerfield Capital Management