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For several months now market participants have speculated whether the government would intervene in the CLO market.
March 19 -
At a time when a number of investment managers are selling loan portfolios to recoup whatever they can, BlueMountain Capital Management, a privately owned investment management firm, has launched the BlueMountain Corporate Loan Fund, a fund that will focus on distressed U.S. leveraged loans.
March 19 -
CDO shop Aladdin Capital Holdings started a film financing unit and a broker-dealer as part of an expansion effort outside of CDOs, according to a Bloomberg report.
March 17 -
Fitch Ratings expects that in the near to medium term, retail will represent a growing proportion of overall defaults in the CMBS sector.
March 16 -
Standard & Poor's will be supplementing its process for gathering information about the systems, personnel, and other resources available to managers of S&P-rated CLO deals.
March 10 -
A growing number of companies are looking to amend their covenants to give them the flexibility to avoid a default.
March 6 -
Securities Litigation and Consulting Group (SLCG) hired Joseph Prendergast as principal in its Virginia office.
March 4 -
As part of the U.S. government's Financial Stability Plan, the Department of the Treasury and the Federal Reserve Board just announced additional terms that would clarify the application of the Term Asset-Backed Securities Loan Facility (TALF).
March 3 -
VTB Capital structured the first rated cash CLO of non-SME corporate loans and bonds with the ultimate risk located in the Russian Federation.
March 2 -
The U.K. government announced further details regarding the implementation of its Asset Protection Scheme.
March 2