UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

LFIS slashes minimum investment figures on €400 million of credit funds
La Française Investment Solutions has lowered the subscription amounts for two credit funds worth more than €400 million – and tweaked the fee section on certain fund documents

Pension service provider launches £320 million fixed income fund
The Local Pensions Partnership (LPP) in the UK has launched its inaugural fixed income fund at £320 million, according to a 6 March statement

Amundi appoints fixed income head in Munich
Paris-headquartered asset manager Amundi has appointed Tugrul Kolad as head of fixed income Germany, a spokesperson confirms

ICG names new non-executive director in London
ICG has announced a new hire to its London office: a director with significant experience in the asset management space, including a stint as chair at SVG Capital

SSGA appoints global head of institutional group
State Street Global Advisors has appointed former APAC head Lochiel Crafter as head of its Global Institutional Group. James MacNevin will now take over Crafter's former role 

KKR appoints new independent director
KKR has appointed French technology entrepreneur Xavier Niel to the Board of Directors of KKR Management

Manchester pension fund awards Stone Harbor £1 billion multi-credit mandate
A £21 billion UK pension fund has appointed global fixed income specialists Stone Harbor Investment Partners to manage a £1 billion multi-asset credit mandate

Law firm Reed Smith hires finance funds partner from rival firm
Bronwen Jones, formerly of law firm Macfarlanes, has joined Reed Smith’s financial industry group in London as a partner

Man GLG appoints credit portfolio manager
London-headquartered fund manager Man GLG has promoted Andrew Freestone to credit portfolio manager

MFS hires former BlackRock fixed income portfolio manager
London-based MFS Investment Managmeent has appointed former BlackRock’s Owen Murfin as an institutional portfolio manager

BlueMountain hires former Pine River credit specialist
BlueMountain Capital Management has hired credit specialist Colin Teichholtz as global governments and agency mortgage-backed securities head

First Avenue principal joins Pantheon in London
Pantheon has hired London-based Justin Mallis from global placement agent First Avenue Partners

Allianz's asset management business drives strong group results for 2017
Third-party net inflows for the group's asset management business hit a record €150 billion for the year as customers were drawn to top-performing funds, the company said on Friday

Natixis AM reports $1 trillion AUM in 2017 results
Paris-headquartered Natixis has reported solid growth, and an end-of-2017 AUM of $1 trillion, for its asset and wealth management unit

Credit Suisse reports annual loss - but insists it's on the mend
Credit Suisse has reported an annual loss for 2017 – posting a full year net loss attribute to shareholders of CHF983 million ($1.05 billion) in its earnings release today

Joint offering from Allfunds and INTL FCStone targets institutional investors
New York-based financial services firm INTL FCStone Financial has entered into an agreement offshore mutual fund distribution platform Allfunds Bank, which offers access to more than 57,000 funds

Investec AM announces leadership succession plan
Investec Asset Management has announced its leadership succession plans following the retirement of Investec Group's chief executive officer and managing director

Axa IM launches lower-cost share class for £1 billion distribution fund
Axa Investment Managers has launched a lower-cost share class for its £1 billion ($1.45 billion) Axa Lifetime Distribution Fund, the fifth fund in Axa’s distribution range

GSAM poaches AB’s Ashish Shah as global corporate credit head
Goldman Sachs Asset Management's fixed income team has hired Ashish Shah as partner and head of global corporate credit, according to an internal memo seen by Creditflux

Ex-BlackRock fixed income pair launch cryptocurrency fund
A pair of former BlackRock bond specialists are launching a London-based cryptocurrency hedge fund known as Prime Factor Capital

HSBC poaches L&G's Faucher as passive fixed income head
HSBC Global Asset Management has hired former Legal & General’s Sebastien Faucher as passive fixed income head

UK lender Goji teams with Prestige to launch renewables lending bond
Marketplace lender Goji has partnered with direct lender Prestige to launch an ISA-eligible "renewables lending bond"

Makuria brings in over $900 million for special situations-focused credit fund
London-based Makuria Investment Management has received $918 million in capital commitment for its credit fund, according to market sources

Ironshield guards against future stress in Europe
The withdrawal of quantitative easing in Europe, coupled with rising interest rates, could lead to increased volatility and improved credit selection opportunities, especially among low-grade credits