Four new members for Finra board as existing members stand down
Unsettled structured credit markets are causing investors to become more scrupulous in their collateralised debt obligation (CDO) manager choices, according to market participants.
Société Générale Asset Management (SGAM) has become the latest fund manager to set up a strategy aimed at reaping the benefits of valuation discrepancies caused by the fallout from the US subprime mortgage market.
Barclays Capital has launched Everest I, a managed version of the collateralised commodity obligation (CCO) structure it has helped pioneer.
Los Angeles-headquartered asset manager, TCW Group, a subsidiary of Société Générale, has hired Edward Steffelin for its New York office.
Investment bank CIBC has been found guilty of multiple counts of deception in underwriting a bond deal for cosmetics company Renaissance. Linda Corman reports on the evidence that emerged from the court case.
"Lift-out" outsourcing projects by major institutional firms prime the pump for the rest of the industry.