Fund performance: Credit funds end difficult 2022 on a positive note
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black

Credit hedge fund returns (February 2023)
Credit hedge fund returns

Credit funds at a glance (February 2023)
A round up of people moves and fundraising

"All that remains is to thank all of you who have kept faith with my monthly confessions of insanity"
With the economic outlook now beyond a joke, Welshcake signs off amid denials he is actually a Welsh footballer  

MUFG appoints co-heads Emea capital markets
MUFG has appointed co-heads of capital markets for Emea

European credit specialist rejoins Allspring
An experienced European loan and high yield specialist has returned to Allspring Global Investments after a spell at Western Asset Management

Bain hires managing director in Euro liquid credit strategies team
In his role, he will be helping to lead investments and the development of the liquid and structured credit team

ICG hires former BlueMountain lev loan and HY senior analyst
Intermediate Capital Group has hired a senior analyst focusing on liquid credit

PSP and Aimco form credit partnership as Aimco poaches its global credit head
Public Sector Pension Investment Board (PSP) and Alberta Investment Management Corporation (Aimco) have struck a remarkable agreement which sees the pair jointly invest in credit and the transfer of a senior figure. 

SEC charges former BlackRock PM with undisclosed conflict of interest
The Securities and Exchange Commission said it has charged a former BlackRock portfolio manager for failing to disclose a conflict of interest in a fund he managed from 2015 to 2019

LA pension awards $675 million to illiquid credit managed account
The strategy will invest across asset-backed credit, loans, bonds, and specialty finance

Fund performance: Light at the end of the tunnel for credit funds after difficult year
Following a tough September, credit funds bounced back in October as 59% of funds made positive returns.

Credit hedge fund returns (December 2023)
Credit hedge fund returns

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

"This ‘higher rates for longer’ saga is more like the 1920-21 depression than the 1970s high inflation era"
Sometimes you have to swallow your medicine and take a step back to go forwards

Public credit markets "most attractive for 15 years" says Wamco
The US Federal Reserve is helping to create the potential for the "most attractive opportunity in public credit markets in the last 15 years", according to a research note published by Western Asset Management

Manager looks to cut HY exposures in CLO-heavy credit interval fund
A credit fund manager has provided a performance update on is multi-strategy closed-end credit fund through regulatory filings, revealing it has beat its benchmark from 1 April to 30 September despite losing 13.66%

Structured credit pair among 61 to earn promotion at Carlyle
Carlyle has promoted two members of its US CLO team among 61 new partners and managing directors 

Sculptor and Och reconcile as sale process kicks off
Sculptor Capital Management is looking for a buyer after forming a special committee and building bridges with its founder Daniel Och

Fitch raises European default rate assumptions with loans in tougher spot than bonds
Analysts at Fitch Ratings have raised their base-case leveraged loan default rate for end-2023 in Europe to 4.5% from 3.5%, and their severe-case rate to 6%

Senior Oak Hill trader joins LedgerComm as it crafts loan settlement solution
A senior loan official has joined LedgerComm as the firm aims to provide loan market participants with better data 

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Credit hedge fund returns (November 2022)
Credit hedge fund returns

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit