Wednesday, 26 November 2014
Last updated 11 min ago
May 16 2013 | 12:38pm ET
Hedge fund Goldentree Asset Management is selling its first European collateralized loan obligation in six years.
The New York firm is seeking about €252.5 million (US$325 million) and has already sold the majority of the issuance. Only €68.5 million in top-rated notes remain, Bloomberg News reports.
The CLO includes about €113 million in triple-A-rated notes, as well as fixed-rate bonds denominated in both euros and pounds sterling. The deal, arranged by Morgan Stanley, has a 12-year final maturity.
Goldentree last sold a European CLO in June 2007, garnering €450 million. Already this year, more than €1.3 billion in European CLOs have been sold.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...