People & Markets

  • Market minds Powell's language as Fed meeting kicks off

    Market minds Powell's language as Fed meeting kicks off

    The Federal Reserve kicked off its two-day policy meeting on Tuesday, with the officials deeply divided on when to make the move to tapering asset purchases. With no dot plot projections expected this time, sources are keeping a close eye on what Fed chairman Jerome Powell says, looking for hints about the central bank’s plans.

  • Football securitization closed despite pandemic chaos

    Football securitization closed despite pandemic chaos

    A UK football club securitization has closed that offers investors exposure to future ticket sales. But sports securitizations, almost non-existent after the 2008 global financial crisis, have assumed a new, higher level risk in the eyes of many following the pandemic.

  • No easy road to recovery for CMBS noteholders after Intu restructuring

    No easy road to recovery for CMBS noteholders after Intu restructuring

    The three-year restructuring plan for four Intu shopping centres is set to see cash poured into London, Nottingham and Glasgow retail hubs after the group collapsed into administration in June 2020. But CMBS noteholders are set to see yields recover to only 60% of the outstanding amount by the time of a likely asset sale, bringing into doubt the prospect of future shopping-centre securtiizations.

  • Redding Ridge hires Alcentra PM

    Redding Ridge hires Alcentra PM

    Apollo subsidiary Redding Ridge has hired Tom Frangione from Alcentra as it grows its assets under management and the number of CLOs it runs.

  • Mizuho hires CLO specialist from BMO

    Mizuho hires CLO specialist from BMO

    Japanese bank Mizuho has hired CLO specialist Nate Weber from Bank of Montreal Capital Markets as a managing director in its asset backed trading department.

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