QUOTE AND NEWS
Bloomberg  Jul 2 
Michael Jackson’s sudden death last week will lead to a “phenomenal” increase in royalty payments as his greatest hits including “Beat It” and “Billy Jean” dominate the airwaves.
Motley Fool  Jun 16 
Can a simple formula increase your portfolio's returns?
Business Wire  May 12 
Primus Asset Management, Inc., a wholly owned subsidiary of Primus Guaranty, Ltd. (NYSE:PRS), today announced it had entered into a definitive agreement to acquire CypressTree Investment Management, LLP. Founded in 1995, CypressTree manages leveraged
Motley Fool  May 6 
Maybe what glitters really is gold.
Business Wire  May 6 
Primus Guaranty, Ltd. (“Primus Guaranty” or “the Company”) (NYSE:PRS), a provider of credit protection, announced today GAAP net income of $106.8 million, or $2.61 per diluted share, for the first quarter of 2009, compared with a GAAP net
Business Wire  May 5 
Primus Guaranty, Ltd. (NYSE:PRS) today announced that its shareholders re-elected Frank P. Filipps and Thomas J. Hartlage to its board of directors and that David Czerniecki was appointed to its board to fill a vacancy. The company’s board now has
Business Wire  Apr 27 
Primus Guaranty, Ltd. (NYSE:PRS) today announced that two asset-backed securities, referenced by credit default swaps (“CDS”) written by Primus Financial Products, LLC (“Primus Financial”), were downgraded below Caa2 by Moody’s Investors
Business Wire  Apr 22 
Primus Guaranty, Ltd. (NYSE: PRS) announced that it will host a conference call for investors on Wednesday, May 6, 2009, at 11 a.m. Eastern Time to discuss its 1st quarter 2009 earnings, which are scheduled for release between 7 a.m. and 9 a.m.
Business Wire  Apr 15 
Primus Guaranty, Ltd. (the “Company” or “Primus Guaranty”) (NYSE:PRS) today announced that its subsidiary, Primus Financial Products, LLC (“Primus Financial”), purchased $21.9 million principal amount of its $75 million subordinated notes
Financial Times  Mar 9 
The US-based online video company's move follows a failure to reach agreement on a new royalties deal with PRS for Music, the collecting agency for writers, composers and publishers
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Headquartered in Bermuda, Primus Guaranty sells credit swaps as protection against the risk of default on investment grade obligations. In exchange of a fixed quarterly premium, Primus will guarantee its customers a payment of an agreed amount in case debt issuer counterparty defaults. The primary purchasers of credit swaps are commercial and investment banks, as well as portfolio managers, insurance companies and other financial institutions seeking to reduce the credit risk exposure in their fixed-income security portfolios (eg. containing bonds, loans receivables). Primus Financial, the issuing subsidiary, carries an Aaa rating ("exceptional") from Moody's, and AAA rating by Standard & Poor's Rating Services. Primus was started in 2002 and on October 5, 2004 the company went public through an IPO of 9,143,493 shares at $13.50 per share. The company sold $2.8 billion of new credit swaps in the third quarter of 2007, which represents the highest level of new transactions since going public in 2004. These new transactions will generate over $65 million in future premiums, assuming the contracts are held to term. Primus continues to look for ways to diversify its revenue stream. Currently the company operates:

Primus Asset Management, Inc., provides credit portfolio management services to Primus Financial, as well as third parties.

PRS Trading Strategies, LLC, began operating during 2006, and engages in relative value trading and other strategies involving buying and selling of credit swaps and other financial instruments in pursuit of financial returns.



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