Deutsche Bank hires two to its loans team in New York
After strengthening its high yield team in New York, Deutsche Bank has turned its attention to its loans business

FRN specialist returns to Mizuho after leaving Deutsche Bank
Mizuho says that Traci Creange has re-joined its fixed income team as head of US floating rate note credit trading

After high yields? Then understand the higher risks
Direct lenders with higher yield targets must be aware of the different risk profiles involved

What you really need to know about covenants
Loan covenants are evolving and it’s vital you know your ‘loose’ from your ‘lite’, so check out this guide

Spotlight: Data centres - clear skies ahead for cloud providers
Demand for data centres is strong and there is no sign so far that the market is overheating

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

They said it: Two analysts won’t do
“You’ll get smoked”

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

BlueMountain appoints director of research in New York
Alternative credit specialist BlueMountain Capital Management has announced that Michael Mouboussin is joining the firm in the newly-created role of director of research in New York

Protection holders look to trigger default on HCR ManorCare CDS
Action follows Debtwire report that lenders have accelerated nursing provider's loans following a covenant breach

Alcentra promotes three after US loan head Lemberg retires
Alcentra has announced that one of the loan market’s best known figures, Bill Lemberg, is retiring

ICG adds loan trader to its US credit team in New York
A credit trader has recently joined ICG to work within the firm's US credit fund management team

Eaton Vance targets global credit with new Ucits fund
Eaton Vance Management has announced the launch of Global High Yield Bond Fund

CLO managers boost “diversity” by adding industry categories
Some recent CLOs have increased the number of industries into which they classify borrowers to as many as 70, according to Fitch 

Highland shelves plans for format switch as interval funds gather pace
Instead of converting a mutual fund into an interval fund, Highland is looking to launch an interval fund - viewed as a investor-friendly alternative to BDCs - from scratch 

Rating outlook: Weighing up interest rate risks
Fitch ratings opens up on what loan issuers can expect to deal with an a rising rate environment

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

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