CDOs/CLOs

When it comes to bond pricing, one message that rang out clear at Information Management Network’s ABS East Conference on Sunday: investors need to do their own homework and make sure they know what’s behind the valuation tools they employ.

U.S. structured finance players are exploring new frontiers. With ABS issuance volume not as robust as it once was, yield-hungry investors have turned to esoteric assets.

The Dodd-Frank Act's call for the creation a self-regulatory organization (SRO) or other entity to assign new ratings was mostly panned by structured-finance industry participants, but relying on existing Rule 17g-5 - the industry's preferred alternative - may have a fatal flaw.

INTRODUCTION

In a memorandum and order filed today, U.S. sourthern district of New York court judge Barbara Jones granted Morgan Stanley's motion to dismiss Retirement System of the Government of the Virgin Islands' class action suit against the bank.

DoubleLine Capital's the DoubleLine Funds Trust launched the DoubleLine Low Duration Bond Fund.

Babson Capital Management has closed a $500 million CLO, its first since the financial crisis, the Springfield, Mass.-based firm said today.

Standard & Poor's placed Assured Guaranty Corp. and Assured Guaranty Re on negative CreditWatch for significant concentration risk in its insured portfolio.

The Securities and Exchange Commission (SEC) has charged RBC Capital Markets for misconduct in the sale of "unsuitable investments" to five Wisconsin school districts.

The McGraw-Hill Cos. today filed a Form 8-K with the Securities and Exchange Commission (SEC) that acknowledged that on Sept. 22, it received a "Wells Notice" from the Commission Staff.