Credit indices continue drift wider after bank holiday
European credit indices have opened slightly weaker again today , following last week’s drift wider

S&P says LevX 2 has some drawbacks on representing market
S&P says the larger composition of LevX 2 should help increase liquidity.

Thomson S A's CDS under fire as liquidity questioned
S&P cuts Thomson S.A.'s ratings to BB-.

Isda extends deadline on loan docs
Isda extends deadline on loan docs

Latest Canadian CP ruling prompts end-of-week junior tranche reversal
US correlation traders will have used the weekend to reassess their convictions about the influence of Canadian commercial paper on tranches, after Friday saw a return of super senior unwind fears

Blackstone reveals $246 million Q1 loss
Blackstone reveals $246 million Q1 loss

Credit manager wins standstill agreement from lenders
Deerfield Capital said yesterday it has reached a standstill agreement with bank lenders who had threatened to seize collateral from the credit specialist

A good time to pick stocks
John Brewer is head of credit trading at Aladdin Capital and chief investment officer of Aladdin Relative Value Credit Fund. Brewer joined Aladdin’s London-based business in 2006. Two years earlier he co-founded credit investment manager Fusion Asset Management. Before Fusion, he was head of European credit trading at Bank of America.

Solent’s Smailes sets sail for sell-side
Solent’s Smailes sets sail for sell-side

Making it short and sweet
Point Clear has delivered stellar returns by staying short and liquid. And it doesn’t plan to change course just because the US authorities have been willing to rescue Bear Stearns

CDO managers hit by huge loss of fees
CDO managers have lost nearly one-quarter of a billion dollars in annual management fees as a result of the subprime crisis and the carnage in the CDO of ABS market, according to Creditflux’s calculations

Fast moves
people moving in May

Narwhals regain their appetite for triple A CLOs as prices stabilise
Narwhals regain their appetite for triple A CLOs as prices stabilise

Angry Australian CDO investors to give Lehman new legal headache
Angry Australian CDO investors to give Lehman new legal headache

Credit Suisse brings new-asset European CLO
Credit Suisse brings new-asset European CLO

Loan vehicle reports modest drop in NAV
Loan vehicle reports modest drop in NAV

Credit Suisse brings new-asset European CLO
Credit Suisse brings new-asset European CLO

RBS appoints management for combined credit platform
Royal Bank of Scotland has appointed members of senior management for the combined credit platform in Europe as part of the bank’s merger with ABN Amro