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2 weeks ago | 
news.bloomberglaw.com | Jill shah |Irene Perez |Irene García Pérez
Brad Dunkin is joining Morgan Stanley as the head of North America special situations group sales based in New York, according to a person familiar with the matter who asked not to be named discussing confidential information. He will report to Matthew Kaitz, head of leveraged finance sales, one of the people said. Dunkin previously served as the US head of distressed sales at Deutsche Bank AG, a different person said. Representatives for Morgan Stanley and Deutsche Bank declined to comment.
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2 weeks ago | 
news.bloomberglaw.com | Katherine Doherty |Jill shah
Brevan Howard Asset Management credit investor Michael Fine has left the macro hedge fund that’s pulled back on some trader risk-taking amid market turmoil, according to people with knowledge of the matter. Fine departed the firm in recent weeks, according to the people, who asked not to be identified discussing a private matter. A representative for Brevan Howard declined to comment.
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2 weeks ago | 
news.bloombergtax.com | Katherine Doherty |Jill shah
Brevan Howard Asset Management credit investor Michael Fine has left the macro hedge fund that’s pulled back on some trader risk-taking amid market turmoil, according to people with knowledge of the matter. Fine departed the firm in recent weeks, according to the people, who asked not to be identified discussing a private matter. A representative for Brevan Howard declined to comment.
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1 month ago | 
news.bloomberglaw.com | Jill shah |Edward Clark
Credit investors are looking to pounce on new opportunities resulting from the wild swingsin global financial markets triggered by the US-China trade war. Average spreads in the US high-yield bond market are about 419 basis points — lingering around the highest since late 2023 — while prices in the leveraged loan market have dipped to below 95 cents on the dollar since President Donald Trump’s announcement this week that the US was raising the tariffs on Chinese goods to 145%.
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1 month ago | 
news.bloombergtax.com | Jill shah |Edward Clark
Credit investors are looking to pounce on new opportunities resulting from the wild swingsin global financial markets triggered by the US-China trade war. Average spreads in the US high-yield bond market are about 419 basis points — lingering around the highest since late 2023 — while prices in the leveraged loan market have dipped to below 95 cents on the dollar since President Donald Trump’s announcement this week that the US was raising the tariffs on Chinese goods to 145%.
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1 month ago | 
news.bloomberglaw.com | Jill shah
Private equity backed firms will struggle to find additional cash in the wake of the Trump administration’s sweeping tariffs, according to Moody’s Ratings. About 14% of the companies rated speculative grade have liquidity that Moody’s would classify as “fairly weak,” according to the report. By comparison, only 3.6% of non-private equity firms are at that level.
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1 month ago | 
news.bloombergtax.com | Ethan Steinberg |Jill shah |Caleb Mutua
Bonds from companies that rely heavily on international trade fell after US President Donald Trump imposed hefty tariffs on some of the country’s biggest trading partners, levies that could weigh on revenue and profit. Retailers including Kohl’s Corp. and Michaels Companies Inc. were among the biggest decliners in high-yield debt on Wednesday. The price of the Markit CDX North American High Yield Index, which gauges credit risk in the US junk-bond market, reached its worst level since August.
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1 month ago | 
news.bloomberglaw.com | Ethan Steinberg |Jill shah |Caleb Mutua
Bonds from companies that rely heavily on international trade fell after US President Donald Trump imposed hefty tariffs on some of the country’s biggest trading partners, levies that could weigh on revenue and profit. Retailers including Kohl’s Corp. and Michaels Companies Inc. were among the biggest decliners in high-yield debt on Wednesday. The price of the Markit CDX North American High Yield Index, which gauges credit risk in the US junk-bond market, reached its worst level since August.
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1 month ago | 
news.bloombergtax.com | Jill shah
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 month ago | 
news.bloombergtax.com | Jill shah
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
