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发帖数: 7397 | 1 excerpt from a Bloomberg article (2010-05-10 00:22:58.147 GMT)
"...
Slices of all four Maxim CDOs were insured by American
International Group Inc., which marked down the value of the
securities to $1.2 billion from $2.5 billion before they were
transferred to the Federal Reserve Bank of New York as part of
AIG’s 2008 government bailout.
Chau left Maxim in 2006 to further capitalize on the CDO
boom. Maxim had a limited interest in the business, according to
two people familiar with the matter. Harding took over the
management role for the CDOs and all related revenue, Maxim said
in an e-mail.
The new company, named after the township in New Jersey
where Chau lives, had its offices in the World Financial Center
in lower Manhattan near the site of the World Trade Center. It
was the same complex where Merrill had its headquarters.
Merrill showed a willingness to work with small CDO
managers and help them grow, a tactic begun under Christopher
Ricciardi, head of the firm’s CDO group from 2003 to 2006, and
continued by Kenneth Margolis, a subsequent co-head of the
Merrill business, who joined Harding in 2007. |
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