Saturday, 20 September 2014
Last updated 1 day 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.
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.