Latest News

RBC Pulls Allis-Chalmers Bonds

August 7, 2008 – The Royal Bank of Canada yesterday pulled $350 million in senior notes due 2018 for Allis-Chalmers Energy, a Houston-based oil and gas drilling company. The bonds were scheduled to price today...

FIA Names Fidelity Veteran As President

August 6, 2008 – Fridson Investment Advisors said Tuesday that it named Drew E. Lawton its president. A 26-year veteran of the financial services industry, Lawton joins FIA after an 11-year career with Fidelity Investments, serving most recently as president of Pyramis Global Advisors Trust Company—Fidelity’s institutional investment arm...

Annaly Acquires Merganser Capital

August 6, 2008 – Boston-based fixed income investment manager Merganser Capital Management has agreed to be acquired by Annaly Capital Management...

• Merger Creates Dubai-Based KCP Capital
• Suit Charges Wachovia With False Valuation
• UBS Bulks Up Distressed Team

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Blogs

Features

Changed Market Affects How The Raters Rate

August 4, 2008 – Portfolio managers in the high yield bond and loan markets see a need for improvement from rating agencies, but note that the agencies have been proactive in addressing their needs...

Prices On Visteon's Debt Make U-Turn

August 4, 2008 – Visteon's debt last week pulled a uey and headed north on the secondary market, when debtholders reacted to the good news that the auto parts maker posted a narrower second-quarter loss...

Junk's Long, Sad Summer Continues

August 4, 2008 – Investors continued to play a low-risk, wait-and-see game in the high yield market last week. Their view remains bearish as the economy shows no signs of recovery...

Peter Andersen: Seeing Debt From The Equity Side

August 4, 2008 – Peter Andersen recently rejoined Congress Asset Management after spending about a year and a half at Dreman Value Management. At Congress, he's resumed his focus on a product he created...

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