Symphony CEO Stein steps down after 19 years
Symphony Asset Management's CEO and CIO has resigned, with four colleagues assuming his responsibilities

GAM appoints former DWS official as global head of trading
Zurich-headquartered GAM Investments has appointed an ex-DWS trading head to the newly created role 

Cairn makes ESG and senior credit research appointments
Cairn Capital has signalled its commitment to environmental, social and governance with the appointment of a head of ESG

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

Halcyon poaches CVC's US performing credit head Raciti
Halcyon Capital Management has poached CVC Credit Partners’ Philip Raciti and appointed him head of US performing credit and portfolio manager

Calpers appoints CIO
California Public Employees Retirement System (Calpers), the $360 billion pension fund, has appointed Yu Ben Meng as chief investment officer.

BlackRock adds $34 billion of assets with Citibanamex buyout
BlackRock has acquired the asset management business of Citibanamex, a Mexico-based banking firm and subsidiary of Citigroup

Cairn adds to its SRT investment team in London
Cairn Capital has appointed Chris Cottrell as senior investment analyst

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

African Development Bank prices landmark $1 billion SRT
The market for significant risk transfer (SRT) deals has taken another step forward with a first-of-its-kind deal, which has been originated by the African Development Bank

CPPIB hires high profile European credit portfolio manager in London
Canada Pension Plan Investment Board has hired an experienced PM who previously worked on CLOs and private credit at Apollo

Loomis Sayles senior loan PM in London set to retire
Loomis Sayles has announced that senior loan portfolio manager Kevin Perry will retire in March 2019

Private credit specialist rejoins Ares in Los Angeles
Ares Capital Management has appointed managing director Michael Zugay to its private credit team in Los Angeles 

Ares brings in credit portfolio managers from DoubleLine and Pimco
Ares Management has bolstered its liquid credit team with the appointment of Jason Duko and Kapil Singh, who join as partners and portfolio managers

RiverRock makes big hire as it looks to expand European loan offering
Market sources say that an experienced capital-raiser, who previously worked at Cheyne Capital, has landed at RiverRock as it embarks on a new fund launch

American Beacon teams up with Apollo for credit interval fund
Regulatory filings reveal that Apollo will allocate assets across four main areas: US corporate credit, global corporate credit, structured credit and real estate credit

Loomis Sayles makes global fixed income senior role changes
Kenneth Buntrock, portfolio manager and co-team leader of the global fixed income team will retire in March 2019  

Baker McKenzie adds two global finance partners in London office
Global law firm Baker McKenzie has bolstered its finance team with the addition of two partners in the London office

Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate 

Direct lenders look for slice of large-cap loan market
Competition between banks and direct lenders has been growing for many years, although this rivalry was largely confined to the middle market space. However, direct lenders, flush with cash, are now said to be penetrating the large-cap loan market.

TwentyFour expands into US with head of US credit appointment in New York
TwentyFour Asset Management has appointed David Norris as head of US credit to lead the firm’s expansion into the US

Stifel builds out leveraged finance team with big hire
The new unit will focus on origination, underwriting, and syndication of leveraged loans and high-yield securities

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

King & Spalding adds debt specialist as partner in its Chicago office
Global law firm King & Spalding has appointed Amy Peters as partner in its corporate, finance and investments practice group

IFM Investors collects nearly $500 million for global infrastructure debt fund
IFM Investors has launched a global infrastructure debt fund with total aggregate commitments just under $500 million -  nearly doubling its initial $250 million target size