Credit - Volume 8 / Issue 5
Articles in this issue
Florence Lombard
The executive director of the Alternative Investment Management Association in London talks to Nikki Marmery about the current challenges of representing the hedge fund industry
Banks scramble to set up illiquid trading desks
The tight spread environment has forced banks to seek out ever more esoteric assets to structure, setting up specialist trading desks in the process
CLOs of leveraged loans
6. leveraged loan CLOs
Evolution, Evolution ... Revolution?
Sponsored foreword
CDOs: what does the future hold?
12. the outlook
Trichet calls for transparency
ISDA AGM Report
Jonathan Laredo
Is the apparent health of the CLO market little more than a fairytale?
Canaras Capital
Anthony Clemente, chief executive of New York-based investment manager Canaras Capital, talks to Victor Anderson about the challenges facing a start-up business in the 'alternative' fund management space, including the thorny issue of transparency
Q&A: Laura Fazio
The head of media and entertainment in the Americas at Dresdner Kleinwort in New York explains what film distribution securitisations offer investors
Russia wakes up to ABS
After years of being the 'next big thing', the Russian asset-backed securitisation market has finally arrived. Laurence Neville looks at the factors that have caused this sleeping giant to awaken
CDOs of CDOs: the quest for yield
9. CDOs-squared
The conundrum of overlapping
7. overlapping
Market graphic: Correlation breakdown
Market Graphic
Investment grade
Secondary market liquidity
The CDO Factory
CDO boutique Cohen & Company has emerged as a major force in the structured credit market. But as a niche operator, it has to think and act fast to stay ahead of the competition. Dalia Fahmy talks to senior management and discovers that the key is…
Back to basics: Shari’ah principles
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Khalid Howladar, chairman of the Middle East co-ordination committee at Moody's in London, runs through the Shari'ah principles that…
Investors shy away from curve steepeners
Credit curve steepener trades using constant maturity swaps have emerged as an innovative way to take advantage of the much-anticipated rise in credit volatility. So what is hampering take-up of these products? By Hardeep Dhillon
CPDOs: riding the wave
11. CPDOs
CDOs of ABS
8. CDOs of ABS
Balance sheet or arbitrage CDOs?
4. balance sheet/arbitrage
How to keep the barbarians at bay
The recent attempted buyout of Sainsbury's showed that no one is safe from the clutches of private equity; cash-rich houses are now clubbing together in joint bids to target even the largest names. Matthew Attwood explains the consequences for credit…
When - not if - the cycle turns
10. survival strategies
Second-generation CPDOs hit the market
Rating agencies welcome evolution of CPDOs into managed structures as Lehman Brothers and Pioneer, and ABN Amro and Fortis bring deals to market
What's behind the demand for CDOs
3. product demand
Invention is the mother of CDO market expansion
1. introduction
Lukewarm reception for Eurex credit futures
Eurex admits that trading volumes have been "disappointing" since the March 27 launch of the new contract, but denies that the product is illiquid
The Big Interview: Chris Flanagan
Following the crisis in subprime mortgages in the US, the head of global structured finance research at JPMorgan in New York talks to Dalia Fahmy about spillover risks for auto loans
JDA analysis: Moody’s fights back
Moody's senior execs Ray McDaniel and Brian Clarkson speak out about the JDA debacle
CDS: the building blocks for synthetic CDOs
2. credit default swaps
The return of the bank balance sheet CDO
5. bank balance sheet CDOs
