Managers earn support as they each aim for $4 billion credit funds
Two established credit managers are aiming to raise $2 billion each in capital for direct lending and distressed debt. A US pension fund has supported both causes with $30 million

Calpers joins US pension fund charge towards distressed debt
US pension funds continue to put money to work in distressed debt strategies with California Public Employees' Retirement System among the institutions that are allocating towards new distressed funds

Endowment fund crosses Lake Erie to invest in Canadian distressed debt
A US endowment fund has topped up its exposure to a distressed debt strategy north of the border

High yield sales specialist jumps to buy side for trading role
Distressed debt manager poaches sales specialist for trading role in London 

US pension is not alone as it wants more of new Centerbridge fund
Leading distressed debt manager, Centerbridge Partners, is having to fight off huge demand for a new fund

Large credit manager raises $700 million for new distressed debt fund
A large credit manager has been highly productive in the last month after adding a $1 billion-plus CLO to its collection and holding a first close of $700 million on a new special situation fund

Loan specialist quits Espirito Santo for distressed debt firm
In the most apt of job changes, a former Espirito Santo debt specialist joins non-performing loan platform in Portugal

Cohen hires distressed debt trader in London
Distressed debt trader leaves broker-dealer in London after two years 

Fast growing Imperial Capital hires distressed debt specialist
West coast bank hires distressed debt specialist for sourcing role in London 

Self-help boosts distressed credit
Corporate distressed credit hedge funds posted strong returns again in November, as managers branched out from their core strategy

Distressed debt trader exits UBS for boutique asset manager
New York-based distressed trader leaves sell side role for boutique credit manager 

Venor Capital hires distressed credit analyst from rival
Investment analyst switches New York hedge funds after a matter of months 

Distressed credit fund makes strong return despite losses on hedging
Stressed credit fund makes estimated 2.1% return despite equity shorts and TXU trade going against portfolio 

Bluecrest hires event-driven credit trader from rival hedge fund
London-based event driven and distressed trader switches asset managers in London  

Former Credit Suisse distressed debt head joins asset manager
Former head of European distressed credit trading at Credit Suisse resurfaces at US-based asset manager 

BNP Paribas reshuffles distressed debt with new hires
Former head of distressed debt rumoured to join fund, while BNP Paribas splits job between new hires 

Goldman Sachs hires from hedge fund for distressed credit desk
Former vice-president at a leading private equity and hedge fund manager leaves firm after six years to join Goldman Sachs