CDOs/CLOs

Gulf Stream Asset Management said last week that it is establishing a credit dislocation fund and a multi-strategy credit hedge fund.

Morgan Joseph & Co., a full-service investment bank, expanded the firm’s analytics and trading group that operate in the secondary market for fixed-income structured products by hiring two new members to the team, as announced today by Matthew Stedman, the firm's head of sales and trading.

Weak economic conditions have put capital strains on trust preferred securities (TruPS) issuers, causing a rise in payment deferrals and defaults within pools of these assets, TruPS CDOs.

Babson Capital Management announced a series of promotions today.

Oak Hill Advisors has hired Fritz Thomas as a managing director, where he will help head up the firm’s business development and client coverage activities.

The ABS market suffered yet another week of frozen new issuance and paltry trading activity in the secondary market.

Moody's Investors Service is modifying the rating methodology it applies to structured finance securities wrapped by financial guarantors.

As the U.S. government continues to unveil measures aimed at preventing foreclosures and shoring up liquidity in the capital markets, industry participants have widely expressed concern over the lack of activity in the loan modification space.

Equity Trust and The Bank of New York Mellon now have a global referral agreement where both companies refer potential business opportunities for structured finance services to each other.

It seems the only busy sector of the structured finance market lately is litigation.