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

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

DFG hires experienced credit analyst in New York
DFG Investment Advisers has drafted in John Hwang as director and senior credit analyst on its leveraged credit team in New York

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  

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 

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 

Superficial analysis in the press fails to account for critical differences between CLOs and CDOs
Credit risk is rising, but any failures among CLOs will not impact the financial system as a whole

High yield bonds regain lost ground

Gateway sees an opening for CDOs with flexible mandates
Gateway Credit Partners is taking an unconventional route towards building a corporate credit management platform by creating its business around CDOs

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

It’s possible to be big — and still be picky

The Last Tranche: awards season is upon us [podcast]
A look at 2018 award offerings and finalist, plus some insight on direct lending and b-wics

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

Blackstone follows in footsteps of KKR and Ares by converting to corporation
The conversion is anticipated to be effective from 1 July

UBS unveils combined leveraged debt capital markets group structure
The new business will be led by Brendan Connolly, according to an internal memo 

Loan trading round-up: CLO managers fall out of love with First Data
An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans

CQS names CEO for its US business
CQS Asset Management has appointed Michel Brogard as chief executive officer of the firm’s US business

Shenkman targets $500 million for opportunistic credit fund
Shenkman’s opportunistic fund will aim to take advantage of the volatility in the market

Large, liquid loans aren’t always perfect
CLOs could be forgiven for rushing to buy Refinitiv loans — after all it was the biggest LBO since the crisis. But some large managers have abstained, while others have bought opportunistically

Moving on from the late 2018 hangover
It might be too early to call a full recovery, but it’s fair to say that the US loan market is back on track with $48 billion of institutional issuance in 2019 — 88% of which is made up of new issues