CDOs/CLOs

Highland Capital Management is working on an array of loan-focused funds that it hopes to launch at the beginning of 2010.

Overview

The financial crisis has brought a renewed consciousness to ABS investors - they need to get to the nitty-gritty of what they own. Nora Colomer's article this month focuses on this very issue.

Highland Capital Management is working on an array of loan-focused funds that it hopes to launch at the beginning of 2010.

Standard & Poor's downgraded $43.74 billion European CDOs after updating ratings criteria in September.

Deloitte & Touche is about to further boost its securitization and leveraged loan efforts by hiring for its software development team.

Syncora Holdings appointed Susan Comparato as chief executive officer and president.

Investment bank Aladdin Capital Holdings has purchased the synthetic CDO business of European specialist credit management company Solent Capital Partners.

Standard & Poor's European CLO performance index report for September shows that all of the CLO cohorts except 2006 experienced an increase in the percentage of assets rated in the 'CCC' category — 'CCC+', 'CCC', or 'CCC-'.

Just a week after industry players gathered at Information Management Network's ABS East event — where securitization players still seemed down on the prospects of a CDO market staging a return — Citigroup is reportedly marketing a rated CDO.