Data provided by Moody's Investors Service
The structural issue that could cause the world's market of last resort to grind to a halt
February 2008
by Alex Chambers and Jethro Wookey
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The list of credit bosses to resign from their positions has grown longer. Grant Kvalheim has resigned as co-president of Barclays Capital, leaving Jerry del Missier as president of the UK bank under the chief executive, Bob Diamond. Kvalheim lost the credit trading book in the autumn to del Missier, leaving him with a somewhat reduced role. John Winter and Peter Goettler, who were part of the team that followed Kvalheim out of Deutsche Bank in 2001, continue in their respective roles as heads of European and US investment banking.
If you have locked-up capital, now is the time to advertise it so that next time a distressed seller comes along you are in a good position to take advantage of that fact
Tim Frost, director of Cairn Capital, is one of a growing band of credit funds that think there is now money to be made from depressed valuations