Thursday, 18 September 2014
Last updated 1 hour ago
Jun 7 2010 | 12:47pm ET
The former Merrill Lynch executive who liquidated the firm’s collateralized debt obligations is joining the private equity firm he sold them to.
Donald Quentin has left Bank of America, which bought Merrill last year. He is to join Lone Star Funds, to which he negotiated the sale of $30.6 billion in CDOs. Dallas-based Lone Star paid just $6.7 billion for the loans, with Merrill writedowns financing about 75% of the deal.
At Lone Star, Quentin will be based in London.
“Donald is someone we know and hold in high regard in terms of both his technical skills and knowledge of the markets, in the U.S. and Europe,” Len Allen, head of U.S. origination at Lone Star, said. “He will principally access U.S.-based structured products held by European institutions.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.