Credit Suisse/UBS deal to create $5 trillion asset manager
The emphasis is set be on wealth and asset management, according to a statement released by UBS in conjunction with its move to acquire Credit Suisse

First Sentier buys majority stake in credit firm AlbaCore
First Sentier Investors has bought a majority stake in European credit specialist AlbaCore Capital Group, the firms announced today, after identifying alternative credit as a ‘strategically important space’

SME CLO manager Be-Spoke rebrands to Aptimus
Be-Spoke Capital, manager of Europe’s first 2.0 SME CLO, has rebranded to Aptimus Capital Partners

Carlyle appoint former Goldman executive as CEO
Carlyle Group have appointed former Goldman Sachs Co-President and CO-Chief Operating Officer Harvey Schwartz as Chief Executive Officer and a member of the board, the firm has announced.

Credit Rendezvous: Make yourself comfortable, there’s a storm coming
In our Q1 outlook, we speak to Edwin Wilches, PGIM (US CLOs), Mikkel Sckerl and Flemming Dose, Capital Four (European CLOs),  Jim Fitzpatrick, CQS (US loans), Loic Prevot, Polus (European loans), Madelaine Jones, Oaktree (global high yield), Art Penn, Pennant Park (US direct lending), Mattis Poetter, Arcmont (European direct lending), Keerthi Raghavan, Waterfall (structured credit), Ray Costa, Benefit Street (distressed), Grant Webster, Ninety One (Emerging markets), Oumar Diallo, Aeon (real assets) for their views for the upcoming quarter. 

P&G launches leveraged European CLO fund Zoo5
P&G is looking to achieve double-digit returns through a new fund focused on European CLO triple A tranches, named Zoo5

Fund performance: Credit funds end difficult 2022 on a positive note
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black

Credit hedge fund returns (February 2023)
Credit hedge fund returns

Credit funds at a glance (February 2023)
A round up of people moves and fundraising

Chenavari expands European presence with Paris office
Chenavari Investment Managers has expanded its presence in Europe with the opening of a French office

Senior Investcorp official lands at wealth manager
A well-known name in the CLO industry has landed at a wealth management firm 

Hedge fund seeks structured credit PM with strategy expansion
European hedge fund Ironshield Capital is looking to expand into structured credit with the London-headquartered manager seeking a structured credit portfolio manager or portfolio team to manage a new structured credit fund

Sourcing channels help Aeon flow into CRE CLOs
There is a growing buzz in Europe for CRE CLOs, with Aeon Investments and Blackstone among the issuers tapping into this nascent market, which opened a year ago courtesy of a deal from Starz Realty Company

Fund performance: Light at the end of the tunnel for credit funds after difficult year
Following a tough September, credit funds bounced back in October as 59% of funds made positive returns.

Credit hedge fund returns (December 2023)
Credit hedge fund returns

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

US manager becomes latest to register triple A CLO ETF
The manager joins the likes of BlackRock, PineBridge and VanEck, Janus Henderson and AXS to use exchange traded funds to invest in CLO tranches

Manager looks to cut HY exposures in CLO-heavy credit interval fund
A credit fund manager has provided a performance update on is multi-strategy closed-end credit fund through regulatory filings, revealing it has beat its benchmark from 1 April to 30 September despite losing 13.66%

HIG adds capital raising clout with senior credit and PE hires
HIG Capital has added to its global credit and private equity businesses with three senior appointments

Sculptor and Och reconcile as sale process kicks off
Sculptor Capital Management is looking for a buyer after forming a special committee and building bridges with its founder Daniel Och

Valeur hires ISP's structured credit head as it takes over management of CLO fund
Valeur and ISP Group’s collaboration on the CLO fund started in April 2020 with Valeur offering structuring services for the fund within its Ardesia platform

Structured credit gains focus from 75% of UK pensions: Aeon
Three quarters of UK pension schemes say they are increasingly focused on structured credit products

Cairn begins "new chapter" as it rebrands to Polus
Cairn Capital has been renamed Polus Capital Management, which brings it together with Bybrook Capital, the credit asset manager it acquired in 2021.  

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.