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

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

We are not structured finance investors – we are corporate credit specialists
Fair Oaks' Miguel Ramos-Fuentenebro takes our credit quiz

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

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

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

Blockchain experts eye CLOs in bid to overhaul archaic practices
The CLO industry, in many ways, can still be accused of living in the dark ages – but all that could be about to change with Creditflux learning that at least two firms are looking to modernise CLO infrastructure by implementing blockchain technology.

Future returns: we've (not) got a case of the blues
Regular readers may notice a slight change to this, the 201st issue of Creditflux...

CLOs aren’t as similar as you might think
Almost 70% of some managers’ portfolios overlap with those of their competitors. But the average overlap is around 35% so there’s plenty of room for managers to express their preferred strategies
 

Libor rise gives timely boost to US loan yields
Competition for US loans among CLOs, ETFs and mutual funds is keeping margins in check. However, the 60bp increase in Libor in Q1 means there’s still reason to pile into the loan market

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  

Canada Life appoints head of credit in London
Canada Life Investments has appointed Rick Wisentaner as head of credit with immediate effect

Canadian pension fund appoints head of credit
Toronto-headquartered Canada Pension Plan Investment Board has appointed John Graham as head of credit investments, effective 1 June 2018

Prytania lands in the US with MD hire to New York office
London's Prytania Asset Management has hired Fahd Basir as managing director to lead its New York office

Cerberus appoints former JP Morgan COO as president
New York-based Cerberus Capital Management has announced three senior leadership promotions: Matt Zames as president of Cerberus, Frank Bruno to co-chief executive officer  and Lee Millstein as president of the Cerberus global investments.   

Macquarie poaches former HSBC loan trading head
Macquarie Capital has appointed former HSBC North America loan trading head Adam Hoffman as managing director in its leveraged finance business

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Dentons brings in derivatives lawyer as partner
Global law firm Dentons has added Alice Yurke as partner in its capital markets practice, the firm announced yesterday

New Mountain poaches former Partner's Group private debt vice president
New Mountain Capital has poached former Partner’s Group private debt vice president Thomas Libretto as director in New York

Palmer Square hires COO from Scout after surpassing AUM milestone
Palmer Square Capital Management has hired Scott Betz as chief operating officer, following the firm surpassing $5 billion assets under management

PGIM's Juliano set for promotion to head US loan business
Brian Juliano is set to become the head of PGIM’s US loan management team upon the retirement of Joe Lemanowicz later this year