Securitisation
Super-senior risk buyer’s role seen as vital in managed synthetics
The future growth in managed synthetic collateralised debt obligation (CDO) deal-flow is dependent on the willingness of counterparties to sell super-senior risk protection to CDOs, said Jeff Huffman, a London-based executive director in Goldman Sachs’…
Japanese CDOs hit record levels, but investors may receive raw deal
The issuance of Japanese collateralised debt obligations could hit a record ¥3 trillion ($25 billion) this year, but investors may not be receiving enough spread for the risks they face, according to a report this week by Moody’s Investors Service.
Structured ratings
In the second part of Hedge Fund Review's look at the newest way to raise capital, Moody's explains its ratings process for collateralised fund obligations
Realigning exposures
CDO restructuring
Reinventing the market
Cashflow CDOs
SG launches Asian arbitrage CDO
New angles
Mizuho tests Japanese CDO market
New angles
Shrinking asset swap market hits convertibles
Corporate scandals have had a negative impact on the convertible arbitrage sector
Aiming to keep risk to a bare minimum
The Bahamas-registered Hasenbichler GHS fund aims for lower volatility.
The ratings game
In part one of HFR's look at the benefits of CFOs, Standard & Poor's explains its criteria for fund of fund managers By Christopher Howley and Vivek Kapoor
Can fund databases be relied upon?
Hedge fund databases are in their infancy and this creates problems for users who are demanding up-to-date information.
Deutsche launches first synthetic CDO managed by Asian asset manager
Deutsche Bank has launched a $1.33 billion synthetic collateralised debt obligation (CDO) that will be managed by an Asian asset manager for the first time.
Long/short opportunities bode well for investors
Japan may be a long way off from recovery but managers are starting to see more positive signs in the technology and manufacturing sectors
German focus: Trouble below deck
Despite weathering a number of storms over the past decade, notably reunification and monetary union, the German economy is facing a new threat.
Trouble below deck
German focus
CMBS in the Nordic region
Sponsor's Statement
BNP Paribas cancels Asian CLO
New angles
Japan’s Mizuho mandates Merrill for large synthetic CLO
Mizuho Corporate Bank has mandated Merrill Lynch for what could be Japan’s largest synthetic collateralised debt obligation (CLO), according to market sources in Tokyo.
Don't settle for second best
Investors need to take extra care when crossing over to multi-strategy funds ' managers may not be all they're cracked up to be, lacking the relevant expertise
The end game
Credit derivatives
Long-awaited exposure draft on SPV consolidation released in US
The US Financial Accounting Standards Board (FASB) has released a long-awaited exposure draft on the consolidation of special purpose entities, or special purpose vehicles (SPVs). New rules for accounting for SPVs, a class that includes all CDOs, was…