CDOs/CLOs

Primus Guaranty completed the sale of its third-party asset management subsidiary CypressTree Investment Management to Commercial Industrial Finance Corp. (CIFC). Terms of the transaction were not disclosed.

The Bank of England issued a market notice indicating that it plans to move ahead with new disclosure requirements, according to a Reuters report.

Law firm Nixon Peabody has named veteran partner Craig Mills as head of its global finance practice, which it plans to expand, the firm said today.

Issuance in the CLO market picked up in the days leading up to the Thanksgiving holiday, with Guggenheim Investment Management, Apollo Global Management, GSO/Blackstone Debt Funds Management and Lyon Capital Management pricing CLOs totaling $1.7 billion.

Specialized asset management firm Dock Street Capital Management (DSCM) has opened an office in Hong Kong.

The Securities and Exchange Commission (SEC) is reportedly investigating a complex $1 billion investment deal Citigroup arranged leading up to the financial crisis.

Defunct bond insurer Syncora Guarantee reported positive net income for the first three quarters of the year, but said near-term insolvency is still a concern if its insured portfolio tumbles.

Morningside Park CLO is in the market with a $400 million arbitrage cash flow transaction that will be managed by GSO / Blackstone Debt Funds Management.

Ambac Financial Group hurried into bankruptcy protection this week because it was worried the Internal Revenue Service (IRS) might gut the entire company — including its sacrosanct bond insurance subsidiary, according to court documents.

The Financial Industry Regulatory Authority (FINRA) said it fined Goldman Sachs $650,000 for failing to disclose that two of its registered representatives had received Wells Notices, which indicate that investigations of operating practices are under way.