John Stelwagon and E.A. Kratzman, both CBO/CLO experts from Societe Generale, have arrived at First Union. Stelwagon will be a managing director and Kratzman will be managing the firm's CBO/CLO investments.


Standard & Poor's has added a new section to its website to list rule 2(a)7 concentrations in asset backed conduits. The effort will inform investors as to whether or not a conduit has a concentration of over 10% of the conduit's outstanding assets.