KVK launches opportunistic hedge fund to target unloved CLO assets
Funds that live by a rigid set of guidelines (such as CLOs) are being targeted as a source of assets by opportunistic managers

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

Creditflux parent rebrands as Acuris
Creditflux’s parent company gained a new name last month, with Mergermarket Group relaunching as Acuris

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

Credit manager wins $200 million mandate from Texas pension fund
A west coast asset manager will be responsible for a separate account which will invest opportunistically across the credit market

BlueMountain hires fund distribution specialist from Paulson
BlueMountain Capital Management has poached Claudio Macchetto from Paulson and assigned him to the newly created position of head of platform distribution

Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years

GSO goes in-house for its latest credit interval fund
GSO is planning a novel onshore fund to invest in loans and CLOs, according to a prospectus recently filed with the SEC

Oaktree takes over Fifth Street’s BDCs
Oaktree Capital has won the auction to take over Fifth Street Asset Management’s two business development companies

Macquarie rehires sales specialist for brokerage role in New York
Macquarie Capital has announced that it has rehired loan sales specialist John Florio for its credit business in New York

20-year Citi veteran earns promotion to head of European credit trading
Citi’s global head of distressed debt has been promoted to head of credit trading for Europe, the middle east and Africa, officials at the bank have confirmed

Cov-lites have invaded the US mid-market, investors hear
Covenant-lite documentation has made strong inroads into US mid-market loans in the past year

Energy credit head takes on bigger role at GSO in New York
Dwight Scott has been promoted to president of GSO Capital Partners in New York, according to Bloomberg

Carlyle poaches credit specialist from HPS in New York
Carlyle Group is continuing to pump resources into credit with the firm announcing that it has hired a head of credit opportunities based in New York

Deutsche Bank withdraws job offer for top fixed income role, says report
In an unusual turn of events, Deutsche Bank is reported to have rescinded an offer to hire a top credit specialist to the role of head of fixed income, reports Business Insider

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings

Deutsche Bank hires two to its loans team in New York
After strengthening its high yield team in New York, Deutsche Bank has turned its attention to its loans business

FRN specialist returns to Mizuho after leaving Deutsche Bank
Mizuho says that Traci Creange has re-joined its fixed income team as head of US floating rate note credit trading

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

BlueMountain appoints director of research in New York
Alternative credit specialist BlueMountain Capital Management has announced that Michael Mouboussin is joining the firm in the newly-created role of director of research in New York

Protection holders look to trigger default on HCR ManorCare CDS
Action follows Debtwire report that lenders have accelerated nursing provider's loans following a covenant breach

Alcentra promotes three after US loan head Lemberg retires
Alcentra has announced that one of the loan market’s best known figures, Bill Lemberg, is retiring

ICG adds loan trader to its US credit team in New York
A credit trader has recently joined ICG to work within the firm's US credit fund management team