Libor switch adds to squeeze on CLO equity
An option at the disposal of loan issuers could give CLO equity investors a serious headache

Crestline hires as its fund financing business takes off
Crestline Investors has announced that it has completed $450 million in transactions for a niche strategy, which revolves around providing financing solutions to mature private equity-style funds

Deutsche Bank names head of US loan trading in New York
Deutsche Bank has appointed a head of US par loan trading in New York, according to Reuters

New York judge quashes hedge fund's lawsuit against Muirfield
A hedge fund manager has had its lawsuit against one of its investors, Muirfield Capital Management, dismissed by a supreme court judge in New York

US hedge fund manager launches mortgage-orientated fund
A structured credit specialist has so far raised $50 million for a fund which will write mortgages in a niche corner of the US property market

Chicago-based manager floats new $500 million loan fund
A mid-market specialist founded by two former American Capital officials is understood to be in the market with a new senior loan fund  

Past returns: early risk retainers
Five years ago in Creditflux we reported on JP Morgan shutting down its special situations prop trading desk in London

US fashion stores: queueing up to exchange old debt
Fashionably loose covenants are allowing under-pressure retailers to turn expensive unsecured debt into senior notes

How the credit blockchain revolution was lost
It’s Thursday morning a couple of years in the future and smart trading is about to go live

US pension fund awards $825 million in credit mandates to HPS
HPS Investment Partners has registered big inflows in recent months and that trend is continuing after a pension fund agreed to back the manager with three mandates

ICG announces retirement of chief executive
Intermediate Capital Group has announced that its chief executive and chief investment officer, Christophe Evain, is set to retire later this year after 23 years with the firm

Apollo to liquidate last 1.0 CLO today with $67 million loan b-wic
Apollo Global Management is set to redeem its last outstanding 1.0 CLO via a loan b-wic later today, according to market sources

New York insurer brings in corporate credit portfolio manager
Corporate credit portfolio manager joins insurer after 12 years at PartnersRe

Former CIFC special situations head resurfaces at $30 billion credit manager
CIFC's former head of special situations has joined a $30 billion credit manager which became an independent firm in March 2016, according to market sources.

Former Crescent trading head set to join credit manager in New York
The former head of trading at Crescent Capital is set to start a new broadly syndicated loan role later this month, official sources have confirmed.

Long-short strategy pays off at Brookfield
The ability to go short the credit market has proved valuable to many hedge fund managers recently

Heading tighter into uncertainty
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon