Gunther Stein News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) — The fallout from Altice France’s decision to threaten a haircut for creditors is just beginning.  The ratings downgrade to CCC that followed means some managers of collateralized loan obligations, which bundle up slices of loans from the likes of Altice and sell them as bonds, are in jeopardy of breaching the maximum amount…

Sound Point Capital Management, a credit-oriented investment manager overseeing approximately $32 billion in total assets, hired Gunther Stein to become Head and Chief Investment Officer (CIO) of its U.S. Performing Credit and CLO platform. The move follows Sound Point’s recently announced agreement to acquire Assured Investment Management LLC...