Libor has a new contender as New York Fed launches SOFR
The New York Federal Reserve has launched a benchmark US that may eventually replace Libor: the Secured Overnight Financing Rate (SOFR)

Texas pension fund approves two new CLO manager mandates
The Texas Municipal Retirement System has approved the appointment of GSO Capital Partners LP and Octagon Credit Investors as CLO managers on its non-core fixed income strategy

CLO investor TICC rebrands as Oxford Square
TICC Capital has changed its name to align its branding more closely with its affiliates

Three credit specialists part ways with Highland
Three officials have left Highland Capital Management in the last few weeks; a CLO trader and two experienced corporate credit researchers

Former American Capital CLO team resurfaces at Ryan Labs
A group of loan and CLO specialists that previously worked together at American Capital have reunited at Ryan Labs Asset Management.

Fight for US loans commences following risk retention U-turn
US CLOs are set to be free from risk retention in the next few weeks. Headache over for US CLO managers? Not really – now it becomes a fight to source the assets that will populate CLOs

US loan veteran parts company with GoldenTree
US loan market veteran Fred Haddad is understood to have left GoldenTree Asset Management, the company where he served as a partner and senior portfolio manager

Apollo reorganises its global credit platform
Sources say Apollo Global Management has reshaped its credit business by merging certain divisions and promoting several staffers in New York. Separately, sources say a high-ranking credit head has left the firm

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

Partners Group hires senior portfolio manager Hanslin as it eyes debut US CLO
Switzerland-headquartered Partners Group has hired a senior vice president and portfolio manager of its US bank loan and CLO origination business

Dublin-based co-head of global credit parts company with KKR
An experienced figure in European credit has left KKR in order to pursue interests outside of fund management. He had been serving as co-head of global credit at the firm

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Alcentra hires former BlackRock US loan and CLO chief
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield

Court confirms $8 million ruling in favour of former Acis partner Josh Terry
A Dallas court has ruled in favour of former Acis Capital Management partner Josh Terry in his long-running dispute with the asset management company, according to court documents seen by Creditflux    

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ArrowMark's Shaiman to take top role at LSTA
ArrowMark Partners’ Lee Shaiman has been appointed executive director of the LSTA, succeeding Bram Smith

Shrinking spread cushions prove hard for CLOs
 Falling loan spreads are placing ever tighter constraints on CLO managers’ choice of investments just as the loan supply itself is declining

Wells Fargo rewards CLO veteran with another promotion
Wells Fargo has appointed Mary Katherine DuBose as head of debt capital markets effective immediately

Partner leaves Ares's credit group after almost 20 years at the firm
A former fund and CLO portfolio manager, who had spent the last couple of years working in a business development role, has left Ares's Los Angeles offices    

Octagon’s debut retail credit fund goes live
XA Investments has raised up to $83.4 million for the closed-end credit fund it has set up with Octagon Credit

Octagon launches its first retail credit fund
Closed-end fund with 50% allocation to structured credit goes live

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

Carlyle raises $1 billion for credit opps and structured credit funds
Carlyle Group’s has reiterated over the last several months that it sees huge potential in the credit market, and it is now experiencing joy on the fundraising trail