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Leveraged Loans news from FierceFinance

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Goldman profiting from naked shorting of leveraged loans

The hits keep coming for Goldman Sachs, the one-time Teflon firm of Wall Street. The latest: Two funds have told the Loan Syndications and Trading Association that they think Goldman Sachs helped... Read more...

Top deals faring surprising well

TheDeal.com offers a nice rundown of the top 10 deals of the boom years, concluding that they are holding up well. This is something of a surprise given the pathetic valuations for leveraged loans... Read more...

Tough transition ahead for Citi

Out of the frying pan and into the fire? It may seem that way to Citi. The company's third-quarter earnings were abysmal; the $2.8 billion loss marked its fourth-straight losing quarter. Investment... Read more...

Debt specialists in the spotlight

The Financial Times suggests that the purchase by the Blackstone Group of debt boutique GSO Capital Partners last year speaks volumes about the credit universe that... Read more...

Ex-Citi hedge fund manager blames firm

John Pickett, who ran a Citigroup hedge fund from 1999 until his resignation in December, has filed a sealed arbitration-like complaint in London. In it, he has some... Read more...

Recovery in leveraged loan market?

IDD reports that the syndicated loan market is still struggling. A big part of that is the on-going drought in leveraged loan issuance, which reflects largely the slowdown in LBO activity. New... Read more...

Sometimes a deal can really work out

TheDeal.com offers an interesting look at a deal that's working out; it may end up a rare example of success. Recall that Verizon Wireless agrees this month to buy Alltel from TPG Capital and Read more...

Big test of leveraged loan market coming up

The leveraged loan market has been whipped recently. Obviously, it really went into the doldrums as the credit crunch reached its nadir. But then the vultures moved in, including a lot of private... Read more...

Hedging risk a big earnings issue?

Hedging is a risky business. The bottom line is that it's really hard. We've said it before; there is fine line between hedging and speculating. I'm not sure anyone can lay out the full range of... Read more...

Oaktree raises massive distressed debt fund

We've noted that valuations have improved for some on-the-brink debts as of late, notably leveraged loans and some credit default swaps. The trading psychology seems to be improving in part because... Read more...