Issue 91 - June 4th
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News
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Shopped out
More managers to drop Fitch rating as regulators crack down on ratings shopping?
A number of CSO managers are likely to follow BlackRock's move in seeking to drop Fitch ratings from...
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EARN launched
Innovative FTD offers unusual exposure
SG has launched a S$100m five-year CLN into the Singaporean retail market. Dubbed Emerging Asia Reta...
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Leading indicators
CLO negative basis to drive spreads tighter
The emergence of a negative basis in CLOs could serve to drive cash spreads tighter. The move lends...
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Structured credit hedge funds inch down
April sees further deceleration in index decline, but still in negative territory
Both gross and net monthly returns for April 2008 in the Palomar Structured Credit Hedge Fund (SC HF...
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Talking Point
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The Cannes report
Cautious optimism for recovery, but rating agencies to take a back seat
Attendees at the Global ABS conference in Cannes this week were cautiously optimistic about the fut...
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Job Swaps
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King moves to the buy-side
The latest company and people moves
King moves to the buy-side Citadel Investment Group has appointed Bill King as a senior md and hea...
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News Round-up
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Fitch junks CIFG
A round-up of this week's structured credit news
Fitch junks CIFG Fitch has lowered the insurer financial strength (IFS) ratings of C...
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Research Notes
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Trading idea: rock bottom lobster
Dave Klein, senior research analyst at Credit Derivatives Research, looks at an outright short on Da...
When we have a fundamental outlook on a credit, we prefer to put on positive-carry shorts or trades...
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