Brookfield strikes deal to buy 62% stake in Oaktree
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business.

Antares Capital's Brackett becomes sole CEO after Martin departure
Antares Capital founding partner David Brackett will become sole chief executive officer of the $24 billion firm

Portfolio financiers thrive as private equity funds fret
Funds that lend to private equity vehicles showed their worth in the fourth quarter as valuations across credit and equity took a hit

Regulation stifles SRTs, but banks and investors revel in quarter-four outperformance
Over the course of 2018 there was roughly €6.5 billion of issuance in the market for significant risk transfer (SRT) deals, sources say, with the last three months understood to be the busiest quarter on record

Italian pension fund seeks loan exposure through direct lending and large cap loan funds
Intesa Sanpaolo’s defined contribution pension scheme has issued a tender notice seeking senior secured loans and direct lending funds to invest in.  

Demonised triple Bs could outshine angelic neighbours
There has been a stampede to denounce triple B corporate credit, but investors ditching this rating band may not only miss solid returns but find bigger problems up the spectrum, investors and analysts tell Creditflux.

Canadian pension fund poaches CPPIB official for dual credit/private equity role
The Investment Management Corporation of Ontario (IMCO) has hired a senior managing director in credit and public equities  

Swedish pension AMF replaces head of asset management
AMF has appointed a new head of asset management, effective from April  

Windstream set for high CDS pay-out as DC picks initial deliverable obligations
Windstream Holdings CDS protection holders look set for a high pay-out, as the cheapest deliverable obligations into the defaulted company’s credit event auction are quoted in the mid-20s

LGIM hires from Columbia Threadneedle for CEO role
Legal & General has appointed a chief executivie officer of its investment management business  

AP4 keeps eye on direct unlisted investments, amid 2018 losses
AP4, the SEK 349.3 billion ($37.3 billion) pension fund, has lost 0.2% after costs from its entire portfolio for the year 2018  

HSBC hires former Barclays European leveraged credit head
 Barclays' former head of European leveraged credit, CLO and ABS distribution is anticipated to be joining rival bank HSBC 

Universal-Investment names CEO in management team shake-up
Universal-Investment, the €411bn asset manager, has appointed a new chief executive officer who will begin in that job from May  

Ares grows credit 34% with direct lending boost, but high yield takes rough ride in Q4
Ares Management Corporation reported strong returns for its European direct lending strategies in the fourth quarter of 2018. But the firm's overall revenues slumped and its US loan funds and high yield strategies were hit by the volatile credit market 

Crossover sell-off risks heightened after Brexit vote, says BNP Paribas
The risk of a bearish pullback in European crossover credits has increased as a result of yesterday’s UK parliament vote against Prime Minister Theresa May’s Brexit approach, according to a BNP Paribas trading note

Behave yourselves: EBA policy advisor warns against misuse of securitisation rules
The European securitisation market has come a long way over the last decade, and the message from one policy advisor is clear – don’t do anything to mess it up.

Wells Fargo AM appoints global head of ESG
Wells Fargo Asset Management is looking to enhance its environmental, social and governance (ESG) capabilities and has appointed Hannah Skeates as global head of ESG

Former BlackRock portfolio manager lands at start-up credit firm Tresidor
Tresidor Investment Management – the new credit manager led by BlackRock’s former head of European credit Michael Phelps and ex-Goldman Sachs synthetic CDO head Edgar Senior – has added a credit portfolio manager to its team ahead of its maiden fund launch

Silence is not golden: loan investors fret over terms in Apollo-sponsored deals
Leveraged loan investors have expressed concern over terms in some Apollo-sponsored deals, which allow the borrower to incur additional first lien debt that not only matures earlier than the existing debt, but also does not trigger “most favoured nations” (MFN) protection for the outstanding debt

Carlyle performance dips in Q4, but credit teams ride global volatility
Credit fund performance dipped for the Carlyle Group in the fourth quarter, as market volatility and fund outflows put a dent in the industry’s much stronger performance of the previous three quarters

Arnold & Porter adds restructuring partner in New York
Arnold & Porter has bolstered its restructuring and bankruptcy practice in New York with the appointment of a former Morrison & Foerster partner

SEB IM names replacement chief executive officer
SEB Investment Management, the SEK1.6bn fund manager, has hired a replacement chief executive officer and head of division for investment management  

Performing credit tops distressed credit for Blackstone, but credit AUM declines
The firm is looking to boost its direct lending business to gain $10 billion of available capital over the next couple of years

Apollo's credit funds report gains in 2018 despite Q4 slump
Apollo saw $21.6 billion inflows throughout the quarter leading to a record total assets under management of $280.3 billion. The firm, however, reported a net loss throughout the quarter