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

CDO-squared triggers second key man clause
CDO-squared triggers second key man clause

Short covering still alive and well in iTraxx indices
iTraxx senior and sub indices rally on short covering.

Two more CDOs of ABS hit events of default
The latest CDO of asset-backed securities to hit event-of-default triggers, according to Moody’s, are Duke Funding XII and Fort Denison Funding

Japanese banks revise profit forecasts on CDO losses
Japanese banks revise profit forecasts on CDO losses

Structured finance CDOs hit triggers
Two additional CDOs of ABS have hit event of default triggers recently, according to Moody’s

Former CQS executives launch new fund
Former CQS executives launch new fund

GE deal hits EOD trigger
GE deal hits EOD trigger

Two deals from 2006 become latest ABS CDOs to hit EOD triggers
Two 2006 CDOs of RMBS have become the latest to suffer events of default, according to Moody’s

Closed-ended CLO vehicle sees NAV growth
Closed-ended CLO vehicle sees NAV growth