Credit Agricole hires head of US credit trading and head of ABS syndicate
Credit Agricole has strengthened its US credit platform by hiring Anatoly Nakum as head of credit trading for the Americas, and Beth Starr as head of ABS syndicate for the same region

Highland merges funds to create new loan/CLO strategy
Highland Capital Management has merged certain funds to create a new strategy that will invest across corporate loans and CLOs, according to market sources

THL Credit takes over as sole advisor to US loan fund
THL Credit Senior Loan Fund's Board of Trustees will end its current advisory agreement with New-York based Four Wood Capital Advisors effective 21 June.

Direct lending growth challenges loan administrators, finds private credit survey
Nine out of 10 private credit managers face challenges when administering loans, according to an Alternative Credit Council report

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager 

BlueBay hires former Henderson credit head
Fixed income specialist BlueBay Asset Management has appointed former Henderson credit head Stephen Thariyan to a newly created role of co-head of developed markets

Barrow Hanley moves into US loans after hiring PMs from Whitebox
“Now is the ideal time to add the bank loan strategy to Barrow Hanley’s menu of offerings" says Nick Losey ahead of his move to the firm

Tages holds $203 million first close for hedge fund seeding strategy
The new closed-end vehicle will focus on providing seeding and acceleration capital to emerging hedge fund managers

CVC hires credit sourcing specialist as managing director
 CVC Credit has hired Josefa Llinares as managing director, responsible for sourcing credit opportunities across the platform

LGIM gets go-ahead to shift fund operations to Dublin
Legal & General Investment Management has got the go ahead from Irish regulator Central Bank of Ireland to move its fund’s base to Ireland

CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

Neptune hires former Axa IM global fixed income head Zemek
London-based Neptune Investment Management has hired the former global head of fixed income at Axa Investment Managers Theodora Zemek

MidOcean floats second tactical credit fund
MidOcean Credit Partners has launched its second tactical credit fund, which will invest in "off-the-run" high yield and leveraged loans, Creditflux understands

Destra and BlueBay team up to launch credit interval fund
Destra has become the latest manager to launch an interval fund - Destra International & Event-Driven Credit Fund - which will focus on two strategies: multi-strategy international credit  and event driven credit. 

Kirkland brings in Bain lawyer as partner
Global law firm Kirkland & Ellis has added Bain Capital's in-house counsel Ranesh Ramanathan as corporate partner

Credit hedge fund to pay $10 million to settle insider trading case
New York-based Visium Asset Management is to pay approximately $10 million to settle a credit fund insider trading case, 8 May US regulatory filings reveal

Invesco hires former Schroders PM to fixed income team
Invesco has appointed former Schroder’s Tom Sartain as senior portfolio manager within its fixed income team

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

UK funds brace themselves against value-for-money ruling
The UK’s Financial Conduct Authority (FCA) has published its final set of fund governance rules that aim to strengthen the duty of authorised fund managers to their investors.

Ex-Barclays EMEA leveraged finance head takes top role at Natixis
The former head of EMEA leveraged finance at Barclays has joined Natixis as head of investment banking for the Americas

Credit boutiques shine bright in Morningstar’s list
Morningstar’s five-star rating has recently been bestowed on a number of boutique credit managers

Direct lenders divided over projected impact of scrapping leveraged lending guidelines
With US bank guidelines on leveraged lending apparently on their way out, direct lenders are divided over the extent to which banks will crowd back into leveraged lending

Fulcrum launches new multi-strat fund with daily liquidity
Fulcrum Asset Management has launched TM Fulcrum Diversified Liquid Alternatives Fund, which will invest across real assets, alternative credit and diversifiers

Investcorp names new co-CEO
Alterative investment manager Investcorp has announced that Hazem Ben-Gacem will become co-chief executive officer, joining current co-CEO Rishi Kapoor

Oaktree's multi-strategy credit platform reaches $2.9 billion
Los Angeles based Oaktree Capital Management's multi-strategy credit platform – which includes Oaktree Global Credit Fund – has hit $2.89 billion as at 31 March 2018