Securitisation
Moody's looks to SIVs for stability
In a report released today, Moody's has described structured investment vehicles (SIV) as inherently stable in the face of spreading unrest in the US subprime mortgage market.
The Shape of things to come
Tetragon is one of a new breed of hedge funds trying their luck as a publicly traded company. Following its IPO in April, it hopes to bring its specialist brand of highly managed CLOs to a wider pool of equity investors. Dalia Fahmy speaks to the firm's…
Q&A - Robert Gardner
Under pressure to improve transparency, pension schemes are increasingly seeking to manage deficit/surplus volatility. The co-founder of consultancy Redington Partners in London explains how credit can play a part in that drive
Market Graphic - Subprime haircuts
Matt King, global head of credit products strategy at Citigroup in London, explains how CDOs of ABS will be vulnerable to forced selling if subprime haircuts rise
BBVA poaches Isla from BarCap
BBVA has hired Lorenzo Isla from Barclays Capital (Barcap) as head of credit derivatives structuring. Isla will be based in Madrid and he joined from BarCap in London where he was head of structured credit strategy.
Beyond stock loan and margining
Merrill Lynch's Jeff Penney explains why the leading prime brokers have gone beyond talking about margin and lending, and why those such as Merrill Lynch have moved into the more elegant sphere of financial engineering for their hedge fund clients
Derivative products, but an original approach to prime broking
Andrea Angelone, head of the equity finance desk at JP Morgan's equity derivatives group (pictured, left) and Neil Taylor, executive director, equity finance, from JP Morgan explain how the prime broker specialises in derivative solutions, and what…
The hard sell
Covenant-lites
The hard sell
Covenant-Lites
Voldstad on the birth of DPCs
Connie Voldstad was head of JP Morgan's first dedicated swaps desk, established Merrill Lynch's AAA-rated derivatives product company, and was one of the six-strong team charged with winding down Long-Term Capital Management. His latest project is a new…
HSBC plans record-breaking SIV
HSBC has launched the largest ever structured investment vehicle (SIV) launch, with an initial portfolio of over $6 billion, called Asscher Finance.
Crystal ball gazing
tete à tete: strategies
At your service
Hedge Funds Review gathered 10 of the administration industry's great and good to share their thoughts on the most pressing issues facing the industry today...
Market graphic: spread decompression
Market Graphic
The CDO manager hit parade
With nearly 300 CDO managers plying their trade in today's global markets, investors are hard-pressed to decide who's top of the pops and who's a one-hit wonder. Rachel Wolcott speaks to influential investors to find out which managers they really rate
Repricing the loan market
The advent of loan CDS trading has highlighted a huge differential between yields on cash and derivatives in this asset class. Laurence Neville asks whether loan CDS will force a major repricing of the cash loan market
Back to basics: sukuk
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... In part 2 of our special Islamic finance back-to-basics, the chairman of Moody's Middle East co-ordination committee, Khalid Howladar,…
Reaping rewards
Basel II
CDO managers under scrutiny
Collateralised debt obligation
Expected shortfall - una coda in due parti
APPROFONDIMENTI. RISCHIO DEL PORTAFOGLIO CREDITI
Tranche warfare
Many investors have taken a negative view on US subprime mortgages over the past year through credit default swaps. But with the US Congress putting pressure on servicers to modify the terms of loans to help borrowers avoid default, those trades might…
Collateral crisis
Collateralised loan obligations