Merrill CDO Firesalesman To Join Lone Star

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.”


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.