Japanese pension fund turns its attention to credit funds
Japan's Government Pension Investment Fund (GPIF) has launched a request for information (RFI) on private debt with the institution looking into new assets classes in a bid to generate higher returns  

Wells Fargo names CEO and head of its asset management arm
Wells Fargo has promoted Nico Marais to chief executive officer and head of Wells Fargo Asset Management, effective immediately.

Rallye CDS auction date set with three initial deliverables
A credit event auction to settle CDS referencing Rallye, the parent of French supermarket chain Casino, will take place on 27 June, with the Determinations Committee having agreed an initial list of three deliverable obligations

Deutsche Bank hires emerging market credit trader
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS

Mizuho appoints US and European credit trading heads in leadership shake-up
The hires include a newly created CLO role, head of credit trading, and head of special situations and illiquid trading 

Cairn teams with Mediobanca for European credit Ucits fund
The strategy will focus on four credit asset classes - financials, corporates, asset-backed securities and special opportunities 

London pension fund appoints interim CIO
London Collective Investment Vehicle, the fund manager for the pooled investments of 32 London Local Authority Pension Funds, has appointed Michael Pratten as interim chief investment officer  

Border to Coast pension seeks exposure to UK investment grade credit
Border to Coast Pensions Partnership is set to begin a manager selection process, seeking UK investment grade credit and global multi-asset credit funds  

Details emerge of Natixis's new US leadership structure
Kevin Alexander, who departed Natixis, has not been directly replaced 

Investcorp adds fund placement business as it brings Mercury buyout to the boil
The transaction for the alternatives placement agent will help “serve investors worldwide with an array of attractive opportunities in alternative investments”, says Investcorp

Permira adds hire to start credit opportunities business
Permira Debt Managers is building out a unit in London to invest in special situations and credit opportunities and has hired a distressed and high yield specialist to help establish the business

Ares hires Natixis deputy CEO for the Americas to credit investing role
Ares Management has poached the Americas deputy chief executive officer from Natixis's investment banking business

Deutsche Bank rehires Nordic sales head after senior official moves to buy side
The bank is bringing in a Barclays official to replace him, in a slightly more broader role, say market sources

Mizuho’s credit trading head departs in London
Mizuho's head of credit trading has departed after just over a year, a spokesperson at the bank has confirmed.

New investments drive Canada Pension Plan’s credit returns to 8.7%
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report  

DC accepts New Look failure-to-pay credit event question
The Europe, Middle East and Africa Determinations Committee has accepted a request to rule on whether New Look has triggered a failure-to-pay credit event

GSO co-founder takes Iron throne with new manager launch
GSO co-founder Tripp Smith has launched a new firm - Iron Park Capital Partners. He brings hires from credit long/short hedge fund River Birch Capital, Oak Hill and Axar with him 

Ellington hires business development head in London
Ellington Management Group has appointed Jonas Frantz to head up business development in Europe and the Middle East, according to market sources

Barings BDC forms $550 million JV with South Carolina pension
The new joint venture will invest in both liquid and illiquid credit

Eaton Vance hires loan trader in Boston
Eaton Vance Management has hired a loan trader from the sell side  

GoldenTree names president as Matza retires
The credit manager has appointed an ex-JP Morgan Asset Management official as partner and president 

Highland names new co-CIO
Highland Capital Management has promoted its global equity trading head to co-CIO, as former co-CIO is named co-head of private equity 

Steinhoff CDS auction in limbo due to lock-up and CVA
A date to settle CDS referencing Steinhoff Europe had still to be agreed as Creditflux went to press — more than a month on from when the EMEA Determinations Committee (DC) ruled that the company had triggered a failure-to-pay credit event.

Credit Suisse adds special situations trading head among raft of hires
Credit Suisse has continued to build momentum in its credit business with the hire of a managing director to head special situations and loan trading with its Europe, Middle East and Africa credit products business, following on from nine others across its London and New York credit business