United Capital Markets came out swinging last week in response to a New York Post article, which accused the company of losing some $68 million on a 10.6% stake in subprime credit card company CompuCredit. In an apparent case of guilt by association, CCRT's share prices have wavered along with those of subprime mortgage lenders, from nearly $40 a share in January to as low as $26 in recent trading. UCM, calling the analysis "wildly inaccurate and reckless." UCM did not disclose if it has lost money on the CompuCredit trade, only that its net gain or loss is less than $5 million.

Prudential Investment Management-Fixed Income named Joe Lemanowicz, former head of high yield credit research, as head of the U.S. bank loan portfolio management team. George Edwards, previously a high-yield portfolio manager, also joined the team. Edwards will work closely with PIM-Fixed Income's European bank loan team on multi-currency CLOs, while maintaining his current responsibilities overseeing high yield bond assets in the firm's CDOs. Lemanowicz has more than 25 years of experience at Prudential and 14 years experience within Prudential's private fixed-income group. Edwards has almost 24 years of experience at Prudential and 17 years experience as a high yield manager. Newark, N.J.-based PIM-Fixed Income managed some $194 billion in assets as of Dec. 31, 2006.

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